One of the key benefits of a custom LAMBDA function is that the logic contained in the formula exists in just one place. An anonymous function is a function defined without a name. In Excel, the LAMBDA function is first used to create a generic (unnamed) formula. Once a generic version has been created and tested, it is ported to the Name Manager, where it is formally defined and named. In computer programming, the term LAMBDA refers to an anonymous function or expression. LAMBDA functions can be very simple, or quite complex, stringing together many Excel functions into one formula. A custom LAMBDA function does not require VBA or macros.Įxample 1 | Example 2 | Example 3 | More examples Once defined and named, a LAMBDA function can be used anywhere in a workbook. The LAMBDA function provides a way to create a custom function in Excel.