Close the skill gap with the Financial Modeling & Valuation Analyst (FMVA)™ Certification >> Enroll today and save!

HYPERLINK Function

Links data to multiple documents/destinations

What is the HYPERLINK Function?

The HYPERLINK Function is categorized under Lookup and Reference functions. The function helps link data to multiple documents.

 

What is a hyperlink?

A hyperlink is a link created from a document that opens another page or file when a user clicks it. Often, the destination is another web page, but it can also be a photo, an e-mail address, or a program. The hyperlink itself can be a text or picture.

When a site user clicks the hyperlink, the destination is shown in a web browser, opened or ran, depending on the type of destination.

As a financial analyst, the HYPERLINK function can be used to provide links to base data or a record entered on the Excel sheet. For example, if we provide the daily expenses in a worksheet, we can create a link to the invoices.

 

Formula

=HYPERLINK(link_location, [friendly_name])

 

The HYPERLINK function uses the following arguments:

  1. Link_location (required argument) – It is the path to the file or page that needs to be opened.
  2. Friendly_name (optional argument) – It is the link test to be displayed in a cell. If the argument is not provided, MS Excel will display link_location as the friendly_name.

 

How to use the HYPERLINK Function in Excel?

To understand the uses of the HYPERLINK function, let’s consider an example:

 

Example

Let’s assume we need to create a link in our worksheet. The steps are:

  1. First, we will select the cell that we want to add the hyperlink to.
  2. Then, we will insert the formula for HYPERLINK, which is:

 

HYPERLINK Function

 

We get the result below:

 

HYPERLINK Function - Example

 

When we click D4, it will open the page specified by link_location.

 

Few notes about the HYPERLINK Function 

  1. We need to supply link_location as a text string in quotation marks or a cell reference that contains the link path as text.
  1. If we do not provide friendly_name, the HYPERLINK will display link_location as the friendly_name.
  1. To select a cell that contains a hyperlink without jumping to the destination, we can use arrow keys to select the cell. Otherwise, we can click on the cell and hold the mouse button down until the cursor changes.

 

Click here to download the sample Excel file

 

Additional resources

Thanks for reading CFI’s guide to important Excel functions! By taking the time to learn and master these functions, you’ll significantly speed up your financial analysis. To learn more, check out these additional resources:

  • Excel Functions for Finance
  • Advanced Excel Formulas Course
  • Advanced Excel Formulas You Must Know
  • Excel Shortcuts for PC and Mac

Free Excel Tutorial

To master the art of Excel, check out CFI’s FREE Excel Crash Course, which teaches you how to become an Excel power user.  Learn the most important formulas, functions, and shortcuts to become confident in your financial analysis.

 

Launch CFI’s Free Excel Course now to take your career to the next level and move up the ladder!