How to Calculate Percentage Between Two Numbers in Excel

If you just need to calculate percentage between two numbers in excel and move on, the boxed answer at the top is all you need. The rest of this page is for when you want to understand why it works in Excel, adapt it to a trickier version, or make it robust enough to hand to a colleague. We keep the opening short on purpose — the depth is here when you want it, not in your way when you don’t.

Exact answer

In Excel: use =(New-Old)/Old and format the result as a percentage.

ƒxPercentage ChangeLive
Percentage change
+40.00%

Increase of 48 units

=(new-old)/old
=(New-Old)/Old
Ctrl+CthenCtrl+Shift+V+Cthen+Ctrl+VPaste values · WindowsMac

Need it as an auditable file?

Ships inside the linked template — formula-driven, unlocked, audit-ready.

View template

What this does

Percentage change tells you how much a value rose or fell relative to where it started, which is what makes a €20 move on €100 (20%) and a €20 move on €400 (5%) comparable. Subtracting old from new gives the absolute change; dividing by the old value rebases it to a rate. A positive result is an increase, a negative one a decrease. Keep the inputs visible and clearly labelled and the whole thing stays auditable — anyone who opens the file later, including you, can see at a glance exactly what feeds the result and change one assumption without hunting through the formula. The difference between a quick fix and a sheet you can trust is the extra minute you spend validating “calculate percentage between two numbers in excel”. Start on a copy or a tiny sample, keep the affected cells visible, and compare the result with the tool above before you touch the real workbook. When a formula is involved, keep the inputs labelled beside it, reference cells instead of typing values, and apply number formatting only after the result checks out. The point is a calculation you can defend to a CFO or an auditor, but the practical win is that someone else can open the file and understand what happened without asking you.

A worked example

A price goes from 120 to 168: =(168-120)/120 = 0.4, formatted as 40% — a 40% increase. If it instead fell to 90, =(90-120)/120 = −25%. The tool above colours increases green and decreases red and also shows the raw unit change, so you see both the rate and the absolute move. Percentage change is the language of every trend: month-on-month revenue, year-on-year growth, price moves, conversion shifts. It turns two raw numbers into a comparable story anyone can read at a glance. If there is any chance you will reuse this, drop it into a small template tab right now: a labelled input area on the left and the formula beside it, checked once against the tool above. Next time the same question comes up, the answer is a single paste away instead of a rebuild from memory.

In Google Sheets

Google Sheets handles this almost identically to Excel. The formula syntax above is the same, and the menu lives under a slightly different label rather than a ribbon tab. Use the platform toggle at the top of the page to switch every keyboard shortcut between Windows and Mac, and expect at most cosmetic differences in naming. The aim was to get you unstuck fast and leave you a little more capable than a copy-paste would. The answer is at the top, the tool proves it, and the detail above shows why it holds — so the next time a colleague asks, you can answer without reaching for search. The short version of “calculate percentage between two numbers in excel”: the answer is at the top of this page, the tool proves it on your own numbers, and the sections above explain why it holds so the next variation does not stump you. Excel rewards people who reference cells instead of typing values and who keep inputs separate from formulas, because that is what makes a result you can audit months later. Build it once, deliberately, with the live tool as a check, and you convert a one-off lookup into a reusable skill — which is the whole point of learning the why and not just the what.

Common mistakes

  • Dividing by the new value instead of the old — the base must be the starting point.
  • Leaving the result as a decimal (0.4) instead of formatting it as 40%.
  • Averaging percentage changes across periods instead of compounding them.
  • Dividing by zero when the original value is 0, which has no defined percentage change.

Frequently asked questions

Increase vs difference — same thing?

Percentage increase/decrease keeps the sign and uses the old value as base. Percentage difference between two independent figures usually divides by their average instead.

How do I show it with a + or − sign?

Apply a custom number format like +0.0%;−0.0% so increases and decreases are visually signed without extra formulas.

Why is my percentage huge?

Almost always a missing percent format (a value of 0.4 shown as 40 instead of 40%) or dividing by a very small base value.