Date & Time

DAYS360 Formula

DAYS360 calculates the number of days between two dates based on a 360-day year (twelve 30-day months). This convention is used in some financial calculations, particularly for bond interest accrual and accounting periods in the US (NASD method) and Europe.

Syntax

DAYS360(start_date, end_date, [method])
ParameterDescription
start_date Parameter of the DAYS360 function.
end_date Parameter of the DAYS360 function.
[method] (Optional.) Parameter of the DAYS360 function.
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Examples

US/NASD method

Formula
=DAYS360("2026-01-30", "2026-02-28")
Returns 28 — using the US/NASD method (default), which adjusts month-end dates according to specific rules.

European method

Formula
=DAYS360("2026-01-30", "2026-02-28", TRUE)
Returns 28 — using the European method where any month-end date is treated as the 30th of that month.

Financial interest calculation

Formula
=B2 * (C2/360) * DAYS360(D2, E2)
Calculates simple interest: principal * (rate/360) * days. The 360-day convention simplifies interest computations for financial instruments.

Common Errors

#VALUE!

Occurs when either date argument is not a valid date or the method argument is not a boolean.

Tips

US vs European method

FALSE or omitted = US/NASD method (adjusts Feb and 31st-day dates). TRUE = European method (treats all month-ends as 30th). Know which your industry requires.

Financial standard

Many bond markets, loan calculations, and accounting systems use 30/360 day counting. DAYS360 implements this convention directly.

Not for general date math

For regular day counting, use DAYS or simple subtraction. DAYS360 is specifically for financial calculations that assume 30-day months.

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