Fix #689. XIRR is calculated by making guesses which are hopefully better with each iteration. It is not guaranteed to succeed for Excel, PhpSpreadsheet, or any other implementation. PhpSpreadsheet uses the Newton-Raphson method for its guesses. So does Python package xirr (https://github.com/tarioch/xirr/), but, if Newton-Raphson fails to converge, Python tries Brent's method as an alternative. Two sets of non-converging data are noted in 689. For both, a solution does converge in Excel. For the first of the problems, a solution converges in Python with Newton-Raphson; but, for the second, a solution converges which requires Brent. For the Java package https://github.com/RayDeCampo/java-xirr on which Python was based, and which uses only Newton-Raphson, a solution converges for the first, and does not converge for the second. To try to match the good results of the others, I added an alternate algorithm if Newton-Raphson fails. Brent's algorithm seems difficult to implement to me. I might have gone there regardless, but I first tried a slightly simpler alternative, bisection. This solved the problem for both of the cases in 689. Perhaps someone will one day report a problem that doesn't converge for Newton-Raphson or bisection, but does for Brent. We can review this decision then. The new code causes 3 changes in the unit test. In all 3 tests, Excel and PhpSpreadsheet had not converged, but Python and/or Java had. I now believe that Python/Java is correct in those cases, and Excel is not. The new code aligns PhpSpreadsheet with Python/Java for those tests. It is, of course, impossible to know when Excel's implementation doesn't converge, so we aren't guaranteed to match its results in those hopefully rare situations.
PhpSpreadsheet
PhpSpreadsheet is a library written in pure PHP and offers a set of classes that allow you to read and write various spreadsheet file formats such as Excel and LibreOffice Calc.
PHP Version Support
LTS: Support for PHP versions will only be maintained for a period of six months beyond the end of life of that PHP version.
Currently the required PHP minimum version is PHP 7.4, and we will support that version until 28th June 2023.
See the composer.json for other requirements.
Installation
Use composer to install PhpSpreadsheet into your project:
composer require phpoffice/phpspreadsheet
If you are building your installation on a development machine that is on a different PHP version to the server where it will be deployed, or if your PHP CLI version is not the same as your run-time such as php-fpm or Apache's mod_php, then you might want to add the following to your composer.json before installing:
{
"require": {
"phpoffice/phpspreadsheet": "^1.23"
},
"config": {
"platform": {
"php": "7.4"
}
}
}
and then run
composer install
to ensure that the correct dependencies are retrieved to match your deployment environment.
See CLI vs Application run-time for more details.
Additional Installation Options
If you want to write to PDF, or to include Charts when you write to HTML or PDF, then you will need to install additional libraries:
For PDF Generation, you can install any of the following, and then configure PhpSpreadsheet to indicate which library you are going to use:
- mpdf/mpdf
- dompdf/dompdf
- tecnickcom/tcpdf
and configure PhpSpreadsheet using:
// Dompdf, Mpdf or Tcpdf (as appropriate)
$className = \PhpOffice\PhpSpreadsheet\Writer\Pdf\Dompdf::class;
IOFactory::registerWriter('Pdf', $className);
or the appropriate PDF Writer wrapper for the library that you have chosen to install.
Chart Export
For Chart export, we support following packages, which you will also need to install yourself using composer require
- jpgraph/jpgraph (this package was abandoned at version 4.0. You can manually download the latest version that supports PHP 8 and above from jpgraph.net)
- mitoteam/jpgraph (fork with php 8.1 support)
and then configure PhpSpreadsheet using:
Settings::setChartRenderer(\PhpOffice\PhpSpreadsheet\Chart\Renderer\JpGraph::class); // to use jpgraph/jpgraph
//or
Settings::setChartRenderer(\PhpOffice\PhpSpreadsheet\Chart\Renderer\MtJpGraphRenderer::class); // to use mitoteam/jpgraph
One or the other of these libraries is necessary if you want to generate HTML or PDF files that include charts.
Documentation
Read more about it, including install instructions, in the official documentation. Or check out the API documentation.
Please ask your support questions on StackOverflow, or have a quick chat on Gitter.
PHPExcel vs PhpSpreadsheet ?
PhpSpreadsheet is the next version of PHPExcel. It breaks compatibility to dramatically improve the code base quality (namespaces, PSR compliance, use of latest PHP language features, etc.).
Because all efforts have shifted to PhpSpreadsheet, PHPExcel will no longer be maintained. All contributions for PHPExcel, patches and new features, should target PhpSpreadsheet master branch.
Do you need to migrate? There is an automated tool for that.
License
PhpSpreadsheet is licensed under MIT.

