Best AI tools to build a financial model in Excel

Short answer

Shortcut ranks #1 for build a financial model in Excel (score 9.1/10). Pricing: $100/mo; free tier: yes. Runners-up: Quadratic, Copilot in Excel.

Top 5, ranked by our published rubric. Sponsorship never affects the order. Last updated 2026-10-13.

Compare the top 5 side by side

#	Tool	Score	Pricing	Paid from	Free tier	What it is
1	Shortcut	9.1	Free tier	$100/mo	yes	AI agent for Excel modeling
2	Quadratic	8.5	Free tier	Pro $18/user/mo	yes	AI spreadsheet with code
3	Copilot in Excel	8.0	From $9.99	$9.99/mo via Microsoft 365 Personal ($99.99/yr)	no (1-month trial)	AI features inside Excel
4	Rows	7.8	Free tier	$8/user/mo	yes	Spreadsheet with built-in AI
5	Better Analyst (formerly Formula Bot)	7.0	Free tier	$20/mo ($10 first-month promo)	yes	All-in-one AI analytics app (formulas, data analysis)

Rank 1

Shortcut

Free tierVisit Shortcut (opens in a new tab)

AI agent for Excel modeling

Score 9.1/10Paid from: $100/moFree tier: yesLast verified 2026-10-13

Why ranked: Its own site says: “Shortcut is the superhuman AI agent for Excel.” We placed it 1st of 5 on fit for this task. Free tier; paid from $100/mo.

Fit 10.0 · value 7.5 · breadth 8 · availability 10 (how we score) · pricing source · site live

Rank 2

Quadratic

Free tierVisit Quadratic (opens in a new tab)

AI spreadsheet with code

Score 8.5/10Paid from: Pro $18/user/moFree tier: yesLast verified 2026-10-13

Why ranked: Its own site says: “The AI spreadsheet that connects to your data and helps you understand it fast.” We placed it 3rd of 5 on fit for this task. Free tier; paid from Pro $18/user/mo.

Fit 7.0 · value 10.0 · breadth 10 · availability 10 (how we score) · pricing source · site live

Rank 3

Copilot in Excel

From $9.99Visit Copilot in Excel (opens in a new tab)

AI features inside Excel

Score 8.0/10Paid from: $9.99/mo via Microsoft 365 Personal ($99.99/yr)Free tier: no (1-month trial)Last verified 2026-10-13

Why ranked: Copilot in Excel: AI features inside Excel. We placed it 2nd of 5 on fit for this task. No free plan confirmed; paid from $9.99/mo via Microsoft 365 Personal ($99.99/yr).

Fit 8.5 · value 7.5 · breadth 8 · availability 7 (how we score) · pricing source · site bot-blocked (403)

SPONSORED Your tool here: paid placement is shown here, separate from the ranking, and never changes the order. Advertise

Rank 4

Rows

Free tierVisit Rows (opens in a new tab)

Spreadsheet with built-in AI

Score 7.8/10Paid from: $8/user/moFree tier: yesLast verified 2026-10-13

Why ranked: Its own site says: “Use AI to analyze data from 50+ sources — PDFs, databases, analytics tools, and bank accounts.” We placed it 4th of 5 on fit for this task. Free tier; paid from $8/user/mo.

Fit 5.5 · value 10.0 · breadth 10 · availability 10 (how we score) · pricing source · site live

Rank 5

Better Analyst (formerly Formula Bot)

Free tierVisit Better Analyst (formerly Formula Bot) (opens in a new tab)

All-in-one AI analytics app (formulas, data analysis)

Score 7.0/10Paid from: $20/mo ($10 first-month promo)Free tier: yesLast verified 2026-10-13

Why ranked: Its own site says: “Better Analyst is the all-in-one analytics app for individuals and growing businesses.” We placed it 5th of 5 on fit for this task. Free tier; paid from $20/mo ($10 first-month promo).

Fit 4.0 · value 10.0 · breadth 10 · availability 10 (how we score) · pricing source · site live

FAQ

What is the best AI tool to build a financial model in Excel?

By TaskRanking's published rubric, Shortcut ranks first, followed by Quadratic and Copilot in Excel.

Is there a free AI tool to build a financial model in Excel?

Yes: Shortcut has a free tier per its own pricing page (checked 2026-10-13).

How are these tools ranked?

Score = 50% fit, 25% value (from vendor pricing pages), 15% breadth, 10% availability. Sponsorship never affects rank.