Until now, Microsoft Excel only worked on M1 Macs using Rosetta which translates Intel apps to work with the M1 chip but doesn’t offer the same performance as a native app.
Now Microsoft Excel works natively on M1 Macs for faster performance and stability on the latest generation of Macs with M1, M1 Pro and M1 Max chips.
The update also applies to Office 2019 for Mac, Office LTSC 2021 for Mac and Office 2021 for Mac.
Limited Offer: You can currently get 85% off a Microsoft Office For Mac Home & Business Lifetime License for $49.99 (normally $349) for a limited period.
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Microsoft stated in the release:
Excel is fully supported on devices with Apple Silicon CPUs: Power Query in Excel for Mac is now natively supported on Apple Silicon processors. If you previously used Rosetta emulator to run Excel, you may now disable it and run Excel natively on your devices.
The update to Excel also includes screen capture and screen sharing protection for sensitive documents that are protected with Microsoft Information Protection policies.
You can also now import data from local Excel workbooks, text and CSV files with Power Query.
To apply this update to Microsoft Office you need to run Microsoft AutoUpdate (MAU) which you can do by opening any Microsoft Office application and selecting Help > Check for Updates.