Partially. Notion has formulas, but they work differently from Excel.
Notion formulas can handle math operations, date calculations, conditional logic, and text manipulation, but only per row inside a database.
You cannot use cell references like A1 or B2, VLOOKUP, SUMIF, pivot tables, or complex array formulas that operate across multiple rows.
For spreadsheet-level calculations, Excel or Google Sheets are still the better fit. You can always embed or sync those results back into Notion.