It is a disaster!
So, Excel for Mac (whatever version) and Tahoe (whatever version 26.01, 26.1) it doesn't matter, all of them just don't work well.
Excel is lagging, zooming in or out via trackpad results in a white screen until the zoom process ends. So you don't know how much you have zoomed in or out until the zoom process is finished.
Simple calculations take for ever to finish. You basically cannot work with Excel anymore. A simple task of a 15 seconds takes now several minutes to finish.
The Cell Format window used to take 5 seconds or more to load, but after Tahoe 26.1 it is resolved. Still all other issues remain!
All files I am using now, I used to work on before the update to Tahoe and the newest Excel version, and everything worked like a charm. Now I cannot even finish the simplest tasks on Excel!
It is a disaster!