COUPNCD Function in Excel: Next Coupon Date

COUPNCD Function in Excel: Next Coupon Date featured illustration

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⏱ 2 min readUpdated 28 September 2026

FinancialLevel: ExpertAvailable in: Excel 2007+

In this article
  1. Syntax
  2. Examples
  3. Example 1
  4. COUPNCD in practice
  5. Where you will use it
  6. Worked example
  7. Mistakes people make
  8. Related functions
  9. Continue learning

COUPNCD returns the next coupon date after settlement — useful for cash-flow calendars of a bond portfolio.

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Syntax

=COUPNCD(settlement, maturity, frequency, [basis])
Argument What it means
maturity Maturity date.

Examples

Example 1

=COUPNCD(TODAY(), DATE(2031,4,1), 2)

Next interest date; format the cell as a date.

COUPNCD in practice

Where you will use it

  • Next coupon date of a bond
  • Cash-flow planning for debentures
  • Accrual schedules

Worked example

SettlementMaturityFormulaResult
04-Oct-202631-Mar-2031=TEXT(COUPNCD(A2,B2,2,0),"dd-mmm-yyyy")31-Mar-2027
04-Oct-202615-Jun-2028=TEXT(COUPNCD(A3,B3,2,0),"dd-mmm-yyyy")15-Dec-2026
10-Jan-202631-Dec-2030=TEXT(COUPNCD(A4,B4,2,0),"dd-mmm-yyyy")30-Jun-2026

Results calculated in Excel.

Mistakes people make

MistakeWhat to do instead
Frequency2 = half-yearly
Result is a serial numberFormat as date

COUPNUM · ACCRINT

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