Waterfall Charts using Excel

Posted on August 10th, 2009 in Charts and Graphs , Featured - 99 comments

This is a guest post from Aaron Henckler.

Waterfall charts are great, especially for visually showing the contribution of parts to a whole. While there are several tutorials on how to make a waterfall chart online the end products of these tutorials rate low on the visually appealing scale.

The principle problem with these charts is the separation between the elements of the waterfall. They are always either pushed together (Example A) or left apart, without element connectors (Example B):
Example A

Example Waterfall chart using excel - 1 Tutorial & Download

Example B
Example Waterfall chart using excel - 2

Many users of waterfall charts employ the separated (default) version (example B) opting to add in element connectors manually via Insert>Shapes>Line on the Excel tool bar. The frustration with this approach is that all too often the values of the chart elements will need to be updated or changed forcing user to manually readjust each of their connector lines in turn.

With some simple charting trickery in Excel 2007 one can easily make a waterfall chart with connectors that will update automatically as element values are changed.

A Better Waterfall Chart

Ideal waterfall chart using excel

Steps to Building a Better Waterfall Chart

List of data series (columns) needed for your chart:

  • Horizontal Axis Labels: in the example above North, East, South and West.
  • Base Values: What your element values will “sit on.” Essentially this is the white space beneath each charted element shown above.
  • Element Values: the meat and potatoes of your chart – the value of your elements as you want them to appear (above these are 40, 30, 20, 10 and 100).
  • Label Spaces: This is optional but it allows you to place the value of you data elements on top of their respective bars (this avoids the use of the annoying Label Position options available after one has used Add Data Labels).
  • Label Connectors: This is the key item needed to create the chart as shown above. You will need one column (series) for each of the data elements (excluding one for the total). For the chart above, four label connector series are needed.

Step 1: Enter all of the required series in a worksheet:

Data for the waterfall chart

  • Horizontal Axis Labels – self explanatory
  • Base Values – A running total of the subsequent Element Values (Column C). Whereas nothing proceeds North in the example above leave its base value blank. Do the same for Total.
  • Element Values – These are whatever numbers you want to highlight in your chart. These are represented by the blue column segments in the above chart.
  • Label Spaces – Again this is optional. These will eventually hold text labels for the Element Values (Column C). The numbers here should all be the same and be some number about 1/4 to 1/3 the value of your lowest Element Value.
  • (to H. ) Connectors – Connectors 1 to 4 correspond to Axis Labels North to West in the example above. In the respective Connector column make the cell at the row corresponding to the related Axis Label equal to the sum of Column B + Column C (Base Value + Element Values). Enter the same value for the cell beneath.

Step 2: Chart data and adjust

1. Select your data, here A2:H6, and go to Insert>Charts>Column>2-D Column>Stacked Column>OK (to exit). Your chart should look like this:
Step 2.1 - waterfall chart using microsoft excel

2. Switch column and row data by right-clicking within the chart and going to Select Data…>Switch Row/Column>OK (to exit). Chart should now look something like this:
Step 2.2 - waterfall chart using microsoft excel

3. The top colored column element in each column (purple, aqua, orange and baby blue, respectively) is what will become that Element Value’s connector. To convert to these columns to connectors, in turn, right-click on the series (the first one is the purple column element) and go Change Series Chart Type…>Line>Line>OK (to exit). Repeat this process for the other connector column elements (aqua, orange and baby blue). After this step your chart should look like this:
Step 2.3 - waterfall chart using microsoft excel

4. Follow this up by formatting each connector in turn. Right-click on the connector and go Format Data Series…. Consider making the Line Color>Solid Line>Color black, Line Style>Width .25 pt and Line Style>Dash Type>Square Dot. Play around with these options as you see fit to get the best look. Again, do this for each connector.

5. Remove grid lines (optional), delete the Legend (necessary). Your chart should now look like this:
Step 2.5 - waterfall chart using microsoft excel

6. Go into you Base Values series (blue column element in the chart above) and eliminate the color fill and borders: right-click on a blue column element and go Format Data Series….>Fill>No Fill and Border Color>No Line>Close (to exit).

7. Format your Element Values series (red above, using same process in Step 6 to change the fill color and add a border.

8. Right-click on your Label Spaces series and go Add Data Labels…. Don’t worry about the value on the labels for now, they’ll be changed in the next step. Follow this up by formatting the Label Spaces series just like how the Base Values series was formatted (in Step 6). Make it so there is no fill and there are no borders. This is what you should now have:
Step 2.8 - waterfall chart using microsoft excel

9. All that remains is to convert your labels to the values of the Element Values. To do this for each label: click on the specific label twice (so that only the box for that label appears, as below).
Step 2.9 - waterfall chart using microsoft excel

Click a third time on the edge of the box that appears and then type the equals sign “=”. Now go back to your data table and click on the cell of the Element Value that you want appear in the label. Then press enter. This links the value of the label to the Element Value (if your Element Value ever changes so too will the text in this label). Repeat this for the other data labels in turn. The result is your Better Waterfall Chart:

Final waterfall charting - Microsoft Excel

Download the Waterfall Chart Template:

Please download the waterfall chart template from here [.zip version here]

Final Thoughts

I hope you will agree that this waterfall chart is more visually appealing that the examples at the start of this tutorial. In addition to a more professional look this waterfall will fully update (step heights, labels, connector positions) automatically whenever you change your Element Values. While the process of implementing this form of waterfall chart may at first seem cumbersome it can be quickly implemented with some practice and is a great item to have in your charting toolkit. Enjoy.

Note from PHD:

  • Thank you so much Aaron. You have taught us a very valuable tutorial. I really appreciate your effort in putting this together.
  • If you need to make a lot of waterfall charts, I recommend trying Jon Peltier’s Waterfall Chart Utility.

Hello there, Reader: If you like this waterfall chart tutorial, please drop a note of thank you to Aaron through comments.

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99 Responses to “Waterfall Charts using Excel”

  1. Seth says:

    First of all, great post. Second, an extra thought on the usefulness of waterfall charts in general:

    Waterfall charts are best employed when a stacked bar (or, as I cringe, a pie chart) won’t suffice because some of the “contributors” contribute negatively. This example is very helpful to get the basic technique down, but some extra math and series would need to be added to accommodate common waterfall chart applications (cash flow analyses, marketing mix, etc.).

    Jon’s add-in does this, I think (at least, based on the screenshots). It can be done without an add-in, but it takes a moment to get the math down on what you’re referring to as ‘Base Values’ in this example (the transparent spacer series).

  2. Mara Caruso says:

    This is an incredibly useful program. In my job, I have found several uses for it already!

    Thanks Aaron for taking th time to educate us!

  3. Gerald Higgins says:

    Hi, nice tutorial, thanks Aaron and Chandoo. This also works in 2003, although some of the stages are very slightly different.

    One possible improvement – some of the connecter lines may look as if they are slightly out of step with the blocks – in the final chart the one between “north” and “east” looks slightly too high. I also got this when I followed the tutorial. You can play around with borders for the element series – either turn them off completely, or make them the same colour as the fill colour, and play around with the line weight. If that doesn’t work, consider adding in a small number to the connector values to offset them slightly.

  4. Ed Ferrero says:

    Hi, That’s a nice way to draw waterfalls. For a different take on waterfall charts, you might look at my post on how to draw them using scatter charts at;

  5. Steve A. says:

    Thanks for the post. We use them all the time. As noted in an earlier comment, it would be great to adjust this so it can handle negative values, and color-code the negatives in red and positives in green.

  6. Bob says:

    For easier math and handling negative values:
    Three colums of data, labels then the start and end points
    In the chart wizard choose Line Chart and the 1st option – upper left hand corner of the dialog
    Double Click on one of the Lines – select Format Data Series Select Options: Up Down Bars
    Select each line; Patterns, Line, None
    And Bob’s your uncle.

    This approach does not have Chandoo’s nice connector lines – but it is easy to implement.

  7. Seth says:

    Great add, Bob. Two more things:

    1) The up/down bars are based on the first and last series provided. You can add the line connectors like Aaron’s chart has by adding a series for each line segment to the middle of the data table. Could be an easier way to do this, but hey… this worked.

    2) I didn’t like that the first datapoint (2008 in my example) and last (2009) were the same color as up bars. I see those as absolutes, and the up/down bars should be for the changes (Chg1-4). So, I added an absolute volume series (named Vol) and changed its chart type to Bar.

    3) Using the same trick that Aaron explains, you can also add data labels. I didn’t.

    Bob’s (in rows instead of columns):
    Label 2008 Chg1 Chg2 Chg3 Chg4 2009
    Start 0 100 110 100 55 0
    End 100 110 100 55 125 125

    Label 2008 Chg1 Chg2 Chg3 Chg4 2009 Note
    Start 100 110 100 55 UpDown
    Vol 100 125 Type=Bar
    Line 100 100 Type=Line
    Line 110 110 Type=Line
    Line 100 100 Type=Line
    Line 55 55 Type=Line
    Line 125 125 Type=Line
    End 110 100 55 125 UpDown

    Obviously, more cumbersome to set up but…

  8. Seth says:

    Grrr… attempt #2…

    Bob’s (in rows instead of columns):
    _Label __2008 __Chg1 __Chg2 __Chg3 __Chg4 __2009
    _Start _____0 ___100 ___110 ___100 ____55 _____0
    ___End ___100 ___110 ___100 ____55 ___125 ___125

    _Label __2008 __Chg1 __Chg2 __Chg3 __Chg4 __2009 Note
    _Start ______ ___100 ___110 ___100 ____55 ______ UpDown
    ___Vol ___100 ______ ______ ______ ______ ___125 Type=Bar
    __Line ___100 ___100 ______ ______ ______ ______ Type=Line
    __Line ______ ___110 ___110 ______ ______ ______ Type=Line
    __Line ______ ______ ___100 ___100 ______ ______ Type=Line
    __Line ______ ______ ______ ____55 ____55 ______ Type=Line
    __Line ______ ______ ______ ______ ___125 ___125 Type=Line
    ___End ______ ___110 ___100 ____55 ___125 ______ UpDown

  9. Martin says:

    OK, guys: I didn’t get it at all, but God knows I’ve tried to !!

    I can’t download the sample @the office, but I’m wondering if you can lead me thru this example: I have a list of countries on col C, values for each Line Of Business on clos D and E, and total in col F.

    I’d like to create the waterfall chart to show how each country contributes to the total.

    How do I do thaT??

    thanks !!

  10. Martin says:

    PLease disregard my previous post, I think i hadn’t enough caffeine on me…..i totally did it !!

  11. Martin says:

    thanks master !!

    I’ve actually gone a step further, and combined the chart with a data validation filter, and the result was really impressive, a dynamic waterfall chart, without a single macro line !!!

    Commenting this with a colleague form Finance, he mentioned that in this case (showing info from offices and getting to a region total), waterfall might induce to a confusion, as one might be tempted to understand that a certain office’s numbers is based on the previous shown, and reluctantly, i had to agree with that vision.

    Still, I love the results !!!



  12. Outstanding tips. I never experiment that much. Thanks for this nice tutorial. Next time I definitely teach my younger brother about it. Again thanks.

  13. Brian says:

    I wish I could use waterfall charts with pivot tables and Dynamic number of data elements (which is why I use pivot tables). My main issue is related to data elements. I have charts I update every month for every project. So each project has its own set of charts (same charts with each project). However, each project might have 0 to 12 data elements. And every month the number of data element can change for each project. I do not see how I could do waterfall charts without a lot of work when I change the number of data points.

  14. Chandoo says:

    @Brian… One idea: you can take the above tutorial and create waterfall chart with 12 bands and then save it as template. Then next time you need to use a waterfall chart, just use it and set the blank elements as NA().

    Another option is to try Jon’s utility. It is a pretty good tool and takes care of most of this work automatically.

  15. […] please welcome Aaron Henckler as the Member of Month. Aaron has contributed a beautiful tutorial on creating waterfall charts using excel during the last month. He taught me few cool charting tricks through that. Thank you […]

  16. Ulrich Seidl says:

    on http://www.hichert.com/de/software/exceldiagramme/55
    there are some examples for waterfall charts.

    Diagramm 675 (Rätsel 3)
    Diagramm 657, 656, 655

    if you mouse-click on the chart you can download the corresponding xls-file.

    have also a look on the new poster HI-SUCCESS-Rules for information design.

    brochure in english

    poster preview

  17. […] to Aaron, who guest posted about excel waterfall charts in August. In august, I have turned my attention towards the pivot tables and wrote Excel Pivot […]

  18. chrisham says:

    This is the best tutorial on Waterfall Charts!

  19. Chandoo says:

    @Chrisham.. no arguments there, Aaron really did a splendid job on this one.

  20. Fakhar says:

    Hi Chandoo,
    Another firsts of its kind though there are many who claim to have prepared the first free version of waterfall charts and want their name to be entered in Guinness World Records but I’ve seen none.
    My request is please update this note as you best know waterfall charts (WC)are best employed when a stacked bar or a pie chart won’t suffice because some of the “contributors” contribute negatively but above chart did not cover this aspect and also add some more templates of revised watefall charts
    Thanks and best regards
    PS: Thanks again for always taking time out from your very busy schedule for quick/timely response to our queries

  21. Jeff says:

    To add another wrinkle, any thoughts on how to go from negative to less negative to positive numbers? We have a quarterly loss, trying to go from the GAAP to non-GAAP adjusted, which goes from a loss of 500 to loss of 100 to profit of 400 for example.

  22. Chandoo says:

    @Jeff… I am not sure, but waterfalls are not ideal for showing negative bars. But I have a weird suggestion. Try changing the axis settings so that horizontal axis crosses vertical axis at -600 instead of 0.

  23. Bob says:

    See my comment from August 11, 2009 and Seth’s followup the same date. Nice simple approach that accomplishes your objective. An excellent alternative is to get Jon Peltier’s Waterfall add-in – it does everything.

  24. Lachlan says:

    Great thanks Aaron,
    This works really well for constantly incrementing series (ie. when you are always moving up as you move right)
    It can be pretty easily adapted for changes which involve declining values by altering the base to always be the lowest number in the two connector series and using the absolute value for the Element Value.

  25. Todd says:

    I’ve come up with an improved template that handles negative values just fine. I’ll see if I can figure out how to post it.

  26. Todd says:

    Hmm, can’t find an easy way to share the file. If anyone’s interested, let me know. Basically, you paste in three columns: labels, before, and after. THe excel I made up witll produce a waterfall chart with a starting and ending total, and provide green/red step bars, with dotted line connectors, for positive and negative deltas, respectively.

  27. Todd says:

    Thanks! So, the link is: http://rapidshare.com/files/416227351/Cheese_Waterfall_Template.xlsx

    The filds highlighted in gray are all formulas, so don’t need to be touched. It’s not the cleanest (I should be able to condense it a bit), but it works for now.

  28. Thomas says:

    Thanx! This is really helpfull and it works great in 2003. I was adjusting my graphs in Illustrator to get the message right :$ This is much more convenient and looks the way it should look.

  29. Banjo says:

    Hi Todd,

    The link is gone ; can you please re load, thanks!

  30. Prabhash says:

    Have been using waterfalls for a long time.. this is very useful

  31. Aji Issac says:

    For animated waterfall charts you can try http://www.fusioncharts.com/powercharts/charts/waterfall/ (This is one of the best product created by an Indian guy when he was 17 year old). I also checked his latest speech at Nasscom Emergeout Kolkata on 28th, 2011. They have clients like Google, Facebook, US Gov etc.

    Thought of mentioning it here :), great work!

  32. Chris says:

    GREAT tutorial. Was able quickly replicate and then adapt for my uses.

  33. Priyanka Aggarwal says:

    Hello Aaron,

    The post is Nice & useful.
    But only for ascending data.
    If any fall will come into account then this template would not support.

    So if possible then Guide for Any fall between the raising Data.

  34. Abhi says:


    Great post this and thanks for that. However I’m stuck in the last step and cannot link the label value to the element value. I’m using Excel 2010. Any help ?

  35. Abhi says:

    Spoke too soon ! I was typing in the label box instead of the address box ! Works perfectly now !

  36. Mirela says:

    Please please explain how to display negative values that contribute to the total

    tnx in advance

  37. David says:

    Can this be done in Excel 2002 (what my company has). It seems to fall down for me in step 3, as there doesn’t appear to be an option in Excel to convert the series to a line.

  38. Darce says:

    This just made my life a whole lot easier today. Thanks so much for sharing. Some of us have NO talent for this type of thing and when someone like me can make this work…all I can write is: May Many Good Blessings Fall Upon You!

  39. Svetlana says:

    Thank you so much for putting on web these easy to follow and clear instructions on creating waterfall charts. I have just done two and it was quite simple process.
    Will come back for more tutorials!

  40. Quynh says:

    Hi Todd, could you please re-upload your waterfall chart to deal with negative value?
    Thank you a lot!

  41. Tina says:

    Hi Todd – Can you re update your waterfall chart? I am attempting to chart negative values in the midst of positive values and am having a hair raising experience.

    Thanks so much!

  42. Tina says:

    Hi Todd

    Could you please repost oyour waterfall chart. I am attempting to chart some negative values in the midst of postivie values. It is truly a hair raising experience.

    Thanks much

  43. Bob says:

    Tina – please see comments 6 and 7 above.

  44. May says:

    This is cool! Thank you so much for sharing. Of all the approaches I explored, Aaron’s is the easiest to understand.

  45. Tina says:

    GREAT post! I used to be a consultant and had this macro automatically built into my powerpoint program. I’m in a new job now and was so happy to find this tutorial to be able to show this kind of analysis again. Thanks!!

  46. Callan says:

    Can you post an example excel file of this tutorial with waterfall ups and downs showing the connector lines? How do you lay it out I cannot get it to work and keep connector lines despite a 3 columns attempt and a few cups of coffee

    Cheers Chandoo and Co!

  47. Hui... says:

    Did you download the file in the section above

    Download the Waterfall Chart Template:
    Please download the waterfall chart template from here [.zip version here]

  48. kaahl says:

    One extra hack I did on this feature was add a mechanism to arrange the columns in order from greatest to least without using vba. I used a combination of a unique_id, the max() function and the vlookup() function. I also set the series label dummy to be 20% of the biggest bar height or a minimum of n. I am using this as part of a display for an input page–the chart reorganizes and relabels with all sorts of different scales. I uploaded a file here: http://www.kaahlsfiles.com/excel/

  49. Sasha says:

    This was very useful and well explained. I followed the steps and did it all myself.
    Thanks heaps.

  50. Chrs says:

    Chandoo – I am using Excel 2010. Was able to navigate the tutorial without a hitch until the end. I cannot get Step 9 to work. Any advice?

  51. Hui... says:

    Click a third time on the edge of the box that appears and then type the equals sign “=”. Now go back to your data table and click on the cell of the Element Value that you want appear in the label. Then press enter.

    What this should say is Select the labels for the series, then select an individual label by selecting it again. With just an individual label selected, type a formula in the Formula Bar =$A$10 (Change to suit)
    Press enter.

  52. Ajay Jaiswal says:

    there is not any critical plus and minus data for water fall chart so if its possible then plz add some increasing and decreasing value typ chrat….and thanks for ur tutorial..

  53. A Croal says:

    Superb stuff. Always wanted to know how to do this. very much appreciated.

  54. Jacques says:

    I used to to these kind of charts by myself before, but it took me a lot of time… My company has just installed an excel add-in, which allows you to make a rather nice and very easy to make waterfall chart; it’s called Upslide (www.upslide.net), and it’s rather great!

  55. DERMOT says:

    Great tutorial. Had to fiddle about to display negatives properly (subtracting them from the base)- but looks good. Thanks for taking the time to post this.

  56. Simon says:

    I don’t know why companies never really teach you how to use the basic software you are provided with; I always feel like an XL dummy, but this waterfall diagram trick is pretty nice and worked for me. I have seen business development folks reduced to drawing them in powerpoint, which takes ages and if you need to make a change that causes some sweat and tears. Now I, a mere R&D guy, can get nice value proposition waterfalls for projects and change them painlessly too. Thanks for the post!

  57. Raunak says:

    Hi chandoo,

    I have a two row and 7 column data and i have followed the steps as per the tutorial.
    But i am not able to implement 3rd step while doing it my one of the data vanish. I tried it with all colors, and ultimately my chart got blank.


  58. Larry says:

    I’ve been running charts like this for a couple of years in Excel 2002. I have it set up as a template for others in my prior department to use in their presentations. It’s quite versatile and works for them well…but the labels all fail in Excel 2007. I’ve got labels that are not manually linked as described above, but rather I’ve created addtional series to hold the labels. The Y value is the Y value of the series I’m labeling, and the x-value is the TEXT version of the gap number I want to label. Then I set the label to show the x-value. Since the x values are text, they align with the other series’ x axis and it has been working flawlessly. Any way to automate labeling like this in Excel 2007? Shy of an add-in?

  59. Jacques says:

    Try this site, http://www.waterfall-chart.com/

    You enter your data, and receive a waterfall as an Excel file.

    Besides, the labels are nicely handled.

  60. Peter says:

    Great explanation.

    You may want to try, too if you have to create many waterfalls or create perfect waterfalls fast including negatives.


  61. Robin says:

    Wow, this was the most helpful and easy to follow set of directions I have ever found! Thank you so much!!

  62. Rob says:

    I wanted to automate this process so wrote a little sub to take care of it. However it won’t handle negative values or a falling waterfall chart (only rising). They are on my todo list.

    [code]Sub WaterfallChart()
    Dim i As Integer
    Dim sum As Double
    Dim base As Double

    On Error GoTo Err1:

    Dim x

    x = Selection.Value



    Range(“A1”).Value = “Axis Labels”
    Range(“b1”).Value = “Base Values”
    Range(“c1”).Value = “Element Values”
    Range(“d1”).Value = “Label Spaces”

    For i = 1 To UBound(x)
    ActiveCell.Offset(0, 3 + i).Value = “Connector ” & i
    Next i

    base = 0

    For i = LBound(x) To UBound(x)
    ActiveCell.Value = x(i, 1)

    If i LBound(x) Then
    ActiveCell.Offset(0, 1).Value = base
    End If

    ActiveCell.Offset(0, 2).Value = x(i, 2)

    If i = 1 Then
    ActiveCell.Offset(0, 4).Value = x(i, 2)
    ActiveCell.Offset(0, 2 + i).Value = base
    ActiveCell.Offset(0, 3 + i).Value = x(i, 2) + base
    End If
    ActiveCell.Offset(0, 3).Value = 20

    base = base + x(i, 2)
    ActiveCell.Offset(1, 0).Select
    Next i

    ActiveCell.Value = “Total”
    ActiveCell.Offset(0, 2).Value = base
    ActiveCell.Offset(0, 3).Value = 20
    ActiveCell.Offset(0, 3 + UBound(x)).Value = base

    ‘Creating the Chart

    Range(Selection, Selection.End(xlToRight)).Select

    Range(“a2”, Range(“a2”).End(xlDown).Offset(0, 3 + UBound(x))).Select

    ActiveChart.ChartType = xlColumnStacked
    ActiveChart.SetSourceData Source:=Range(“a2”, Range(“a2”).End(xlDown).Offset(0, 3 + UBound(x)))
    ActiveChart.PlotBy = xlColumns

    ‘Create Connectors

    For i = 4 To UBound(x) + 3
    ActiveChart.SeriesCollection(i).ChartType = xlLine
    With ActiveChart.SeriesCollection(i).Format.Line
    .Visible = msoTrue
    .ForeColor.ObjectThemeColor = msoThemeColorText1
    .ForeColor.TintAndShade = 0
    .ForeColor.Brightness = 0
    End With
    With ActiveChart.SeriesCollection(i).Format.Line
    .Visible = msoTrue
    .Weight = 0.25
    End With
    With ActiveChart.SeriesCollection(i).Format.Line
    .Visible = msoTrue
    .DashStyle = msoLineSysDash
    End With
    Next i

    ‘remove legend and hide data series

    Selection.Format.Fill.Visible = msoFalse
    Selection.Format.Line.Visible = msoFalse

    Selection.Format.Fill.Visible = msoFalse
    Selection.Format.Line.Visible = msoFalse

    ‘Apply Data Labels

    For i = 1 To UBound(x) + 1
    Selection.Formula = “=” & ActiveSheet.Name & “!R” & i + 1 & “C3”
    Next i

    Exit Sub

    MsgBox (“An error has occurred”)
    Exit Sub

    MsgBox (“Non-numeric data”)
    End Sub[/code]

  63. Rob says:

    I should have noted that data is entered in the following fashion:
    North 20
    South 10
    East 40
    West 30

    Then select the data and run the Sub.

  64. Dean b says:

    great article!
    Seen a pre build waterfall chart builder that is really handy

    go check it out!

  65. andie says:

    this is AWESOME … simply AWESOME


  66. Ulrich says:

    ….and here we have some extreme waterfalls…like Iguaçu, Niagara, Victoria…lol…

  67. Brian says:

    2012 Budget Bridge in picture form. Thanks Man!!!!

  68. jatin narang says:

    Brilliant! I really liked the waterfall chart! Will be coming back for more!

    Thanks a bunch!

  69. Rich Bilsback says:

    Thank you, Thank you.  I spent hours trying to figure out how to fix my data labels for a waterfall I had cloned.  Finally, I found this article and the part that says…
    “Click a third time on the edge of the box that appears and then type the equals sign “=”. Now go back to your data table and click on the cell…”

    There’s no way anyone could discover that on their own!! 

  70. anderson says:

    Wow.. never thought there’s a tool to make me easier to analyze the growth of my company..
    thanks a lot!! you’re such a great help!

  71. Olivia says:

    Thank you so much! This is a wonderful tutorial and very clear even for an excel-challenged person such as myself!

  72. Kania Laya says:

    It’s really helpful! It helps me to answer my boss’ question :p
    THankss a lott

  73. Anurag says:

    Thanks a lot.. Extremely useful post..saved me a lot of time and trouble.

  74. EC says:

    How could I show more visually the third component of the waterfall chart is heavily dependent on the first and second?

    I am trying to ‘build a story’ that the starting point (jump off point) for this year to next (final number) is dependent on three main components A, B and C. But  C is dependent on success of A and B. So while the waterfall chart shows that A, B and C are component of from getting from this year to the next but it does not show the relationship between A and B with C.

    Any idea how to do this more visually and powerfully?


  75. […] I just G**gled, Excel Waterfall Chart…. http://peltiertech.com/WordPress/exc…bridge-charts/ Excel Waterfall Chart – Tutorial and Template – Learn how to make waterfall charts using MS Excel | … Create an Excel Waterfall Chart – YouTube Create Excel Waterfall Chart I hope that helps. […]

  76. Ian says:

    How to you get the waterfall chart to work when the variable goes below the x axis? Lets say you are looking at how sales have translated into negative profits. You have the main sales bar and progressively with expense categories it goes below the line. The series that goes below the line will be part of the same series that you are removing in previous items e.g cost of sales to create the floating effect. Therefore I am left with nothing below the line as that series is artifically removed. Hopefully that makes sense. 

  77. Hey Chandoo,
    This is a great example of using the classic set up for the waterfall chart while adding the connectors. This is actually the first time I have seen connectors used in the waterfall.
    Thanks for sharing.

  78. Andrew says:

    Hi, thanks for the post it’s helped me create something more meaningful than what I was using previously. I’m stuck on something though, I’m using Excel 2007 and trying to add the horizontal lines between certain points on the stacks that show up as dotted on your chart. Can anyone advise how I can go about adding these using the options in Excel?


  79. Alain says:

    Feel free to use the waterfall chart template I created and let me know your feedbacks:



  80. Mark Barrett says:

    Thanks, Chandoo. Very useful article. Now I better understand how it works. But I found add-in. I made several templates with different configuration of charts and use it. Look at this http://fincontrollex.com/?page=products&lang=en

  81. […] – Thanks to Aaron Henckler at Chandoo.org for creating an excellent tutorial on waterfall chartsii – Thanks to Rob Bovey at AppsPro for creating a very useful add-in for labeling […]

  82. Rajesh says:

    Thanks guys, this really helped me in understanding and creating a good waterfall graph.

  83. ayatollah says:

    I’m just dropping by to let you know, that I’ve visited this post numerous times to help me with with my waterfall charts.

    Thank you so much!

  84. […] Excel Waterfall Chart – Tutorial and Template – Learn how to make waterfall charts using MS Excel | … http://www.contextures.com/excelwaterfallchart.html Excel Waterfall Charts (Bridge Charts) – Peltier Tech Blog If you insert columns for the extra periods (rather than add them to the end) your charts will update automatically to the new columns. […]

  85. Hi,

    It was really helpful data. alothough it was difficult to implement on mulitple data but managed to do that.

    saurabh gupta

  86. ish says:

    thanks! this helped me a lot

  87. Ferdinand says:

    Thanks guys :) its 2nd July, 2014 and this article is still very relevant and helpful!

    Took a little reading up but I managed to edit it and expand it to cover more range, awesome!

  88. faraz says:

    Great help, my boss ask me to prepare and it was easy.

  89. Jason says:

    Phenomenal tutorial, worked perfectly and looks great!! It’s sad that it takes so many steps to make this work in Excel, but the steps you laid out make such a better waterfall than the other tips I’ve seen elsewhere…

  90. Nilesh says:

    Thanx a lot aaron

    I was struggling with some data and was not satisfied with the presentation, made it in waterfall today.
    Wil b able to sleep tonite 😉

    thanx again

  91. Robert says:

    Thank you for the post. Everything works great with the tutorial but when I decide to insert another row into the table (e.g., if I was to add another region to the above table) the corresponding chart breaks in that the connector with the new bar is not visible and I can’t seem to find a way to create it. I end up recreating the chart from scratch. Any help would be greatly appreciated.

  92. Shailendra says:

    Excellent post. I have used waterfall chart many times in the past but automatic update of connectors was really useful. Thanks

  93. bilal says:

    A really nice step by step way of producing a waterfall chart. It all went well when I had positive values , however, once I had a negative value, the relative bar was shown below the X axis. Any solution for this ?

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