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To extract the last name from a list of names in Excel, use the TEXTAFTER function. Start with the formula: =TEXTAFTER(cell_containing_name, " ", -1). The first argument is the cell that holds the name, and the second argument is the delimiter, which is a space (" "). The instance number for the last name is specified as -1. Finally, copy this formula down into the adjacent cells to apply it to the other names.