diff --git a/CHANGELOG.md b/CHANGELOG.md
index 24ecffc1c..e2d8caba5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,10 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 
 ## [Unreleased]
 
+### Added
+
+- Added the `AVERAGEIFS` function. [#1732](https://github.com/handsontable/hyperformula/pull/1732)
+
 ## [3.4.0] - 2026-08-10
 
 ### Added
diff --git a/src/i18n/languages/csCZ.ts b/src/i18n/languages/csCZ.ts
index 830b1c196..f7bb42ca3 100644
--- a/src/i18n/languages/csCZ.ts
+++ b/src/i18n/languages/csCZ.ts
@@ -38,6 +38,7 @@ const dictionary: RawTranslationPackage = {
     AVERAGE: 'PRŮMĚR',
     AVERAGEA: 'AVERAGEA',
     AVERAGEIF: 'AVERAGEIF',
+    AVERAGEIFS: 'AVERAGEIFS',
     BASE: 'BASE',
     BIN2DEC: 'BIN2DEC',
     BIN2HEX: 'BIN2HEX',
diff --git a/src/i18n/languages/daDK.ts b/src/i18n/languages/daDK.ts
index 90296fd42..a86e58d87 100644
--- a/src/i18n/languages/daDK.ts
+++ b/src/i18n/languages/daDK.ts
@@ -38,6 +38,7 @@ const dictionary: RawTranslationPackage = {
     AVERAGE: 'MIDDEL',
     AVERAGEA: 'MIDDELV',
     AVERAGEIF: 'MIDDEL.HVIS',
+    AVERAGEIFS: 'MIDDEL.HVISER',
     BASE: 'BASIS',
     BIN2DEC: 'BIN.TIL.DEC',
     BIN2HEX: 'BIN.TIL.HEX',
diff --git a/src/i18n/languages/deDE.ts b/src/i18n/languages/deDE.ts
index daaaa0bf7..bcf011df4 100644
--- a/src/i18n/languages/deDE.ts
+++ b/src/i18n/languages/deDE.ts
@@ -38,6 +38,7 @@ const dictionary: RawTranslationPackage = {
     AVERAGE: 'MITTELWERT',
     AVERAGEA: 'MITTELWERTA',
     AVERAGEIF: 'MITTELWERTWENN',
+    AVERAGEIFS: 'MITTELWERTWENNS',
     BASE: 'BASIS',
     BIN2DEC: 'BININDEZ',
     BIN2HEX: 'BININHEX',
diff --git a/src/i18n/languages/enGB.ts b/src/i18n/languages/enGB.ts
index d271b732c..2eaa4bd9c 100644
--- a/src/i18n/languages/enGB.ts
+++ b/src/i18n/languages/enGB.ts
@@ -39,6 +39,7 @@ const dictionary: RawTranslationPackage = {
     AVERAGE: 'AVERAGE',
     AVERAGEA: 'AVERAGEA',
     AVERAGEIF: 'AVERAGEIF',
+    AVERAGEIFS: 'AVERAGEIFS',
     BASE: 'BASE',
     BIN2DEC: 'BIN2DEC',
     BIN2HEX: 'BIN2HEX',
diff --git a/src/i18n/languages/esES.ts b/src/i18n/languages/esES.ts
index 6fea52e4e..687c4ea94 100644
--- a/src/i18n/languages/esES.ts
+++ b/src/i18n/languages/esES.ts
@@ -38,6 +38,7 @@ export const dictionary: RawTranslationPackage = {
     AVERAGE: 'PROMEDIO',
     AVERAGEA: 'PROMEDIOA',
     AVERAGEIF: 'PROMEDIO.SI',
+    AVERAGEIFS: 'PROMEDIO.SI.CONJUNTO',
     BASE: 'BASE',
     BIN2DEC: 'BIN.A.DEC',
     BIN2HEX: 'BIN.A.HEX',
diff --git a/src/i18n/languages/fiFI.ts b/src/i18n/languages/fiFI.ts
index a3b319af2..96c162ef2 100644
--- a/src/i18n/languages/fiFI.ts
+++ b/src/i18n/languages/fiFI.ts
@@ -38,6 +38,7 @@ const dictionary: RawTranslationPackage = {
     AVERAGE: 'KESKIARVO',
     AVERAGEA: 'KESKIARVOA',
     AVERAGEIF: 'KESKIARVO.JOS',
+    AVERAGEIFS: 'KESKIARVO.JOS.JOUKKO',
     BASE: 'PERUS',
     BIN2DEC: 'BINDES',
     BIN2HEX: 'BINHEKSA',
diff --git a/src/i18n/languages/frFR.ts b/src/i18n/languages/frFR.ts
index a29109053..4d0839a16 100644
--- a/src/i18n/languages/frFR.ts
+++ b/src/i18n/languages/frFR.ts
@@ -38,6 +38,7 @@ const dictionary: RawTranslationPackage = {
     AVERAGE: 'MOYENNE',
     AVERAGEA: 'AVERAGEA',
     AVERAGEIF: 'MOYENNE.SI',
+    AVERAGEIFS: 'MOYENNE.SI.ENS',
     BASE: 'BASE',
     BIN2DEC: 'BINDEC',
     BIN2HEX: 'BINHEX',
diff --git a/src/i18n/languages/huHU.ts b/src/i18n/languages/huHU.ts
index fafc2c4b9..cb803b4c9 100644
--- a/src/i18n/languages/huHU.ts
+++ b/src/i18n/languages/huHU.ts
@@ -38,6 +38,7 @@ const dictionary: RawTranslationPackage = {
     AVERAGE: 'ÁTLAG',
     AVERAGEA: 'ÁTLAGA',
     AVERAGEIF: 'ÁTLAGHA',
+    AVERAGEIFS: 'ÁTLAGHATÖBB',
     BASE: 'ALAP',
     BIN2DEC: 'BIN.DEC',
     BIN2HEX: 'BIN.HEX',
diff --git a/src/i18n/languages/idID.ts b/src/i18n/languages/idID.ts
index 719cb11db..4e52987d1 100644
--- a/src/i18n/languages/idID.ts
+++ b/src/i18n/languages/idID.ts
@@ -39,6 +39,7 @@ const dictionary: RawTranslationPackage = {
     AVERAGE: 'RATA-RATA',
     AVERAGEA: 'RATA-RATAA',
     AVERAGEIF: 'RATA-RATA.JIKA',
+    AVERAGEIFS: 'AVERAGEIFS',
     BASE: 'BASIS',
     BIN2DEC: 'BIN.DEC',
     BIN2HEX: 'BIN.HEX',
diff --git a/src/i18n/languages/itIT.ts b/src/i18n/languages/itIT.ts
index 40ec9cf41..ee9231450 100644
--- a/src/i18n/languages/itIT.ts
+++ b/src/i18n/languages/itIT.ts
@@ -38,6 +38,7 @@ const dictionary: RawTranslationPackage = {
     AVERAGE: 'MEDIA',
     AVERAGEA: 'MEDIA.VALORI',
     AVERAGEIF: 'MEDIA.SE',
+    AVERAGEIFS: 'MEDIA.PIÙ.SE',
     BASE: 'BASE',
     BIN2DEC: 'BINARIO.DECIMALE',
     BIN2HEX: 'BINARIO.HEX',
diff --git a/src/i18n/languages/nbNO.ts b/src/i18n/languages/nbNO.ts
index 89c0f85f7..5878a9f42 100644
--- a/src/i18n/languages/nbNO.ts
+++ b/src/i18n/languages/nbNO.ts
@@ -38,6 +38,7 @@ const dictionary: RawTranslationPackage = {
     AVERAGE: 'GJENNOMSNITT',
     AVERAGEA: 'GJENNOMSNITTA',
     AVERAGEIF: 'GJENNOMSNITTHVIS',
+    AVERAGEIFS: 'GJENNOMSNITT.HVIS.SETT',
     BASE: 'BASE',
     BIN2DEC: 'BINTILDES',
     BIN2HEX: 'BINTILHEKS',
diff --git a/src/i18n/languages/nlNL.ts b/src/i18n/languages/nlNL.ts
index 73ef99687..2c395cd3d 100644
--- a/src/i18n/languages/nlNL.ts
+++ b/src/i18n/languages/nlNL.ts
@@ -38,6 +38,7 @@ const dictionary: RawTranslationPackage = {
     AVERAGE: 'GEMIDDELDE',
     AVERAGEA: 'GEMIDDELDEA',
     AVERAGEIF: 'GEMIDDELDE.ALS',
+    AVERAGEIFS: 'GEMIDDELDEN.ALS',
     BASE: 'BASIS',
     BIN2DEC: 'BIN.N.DEC',
     BIN2HEX: 'BIN.N.HEX',
diff --git a/src/i18n/languages/plPL.ts b/src/i18n/languages/plPL.ts
index 003b0fd64..8268ac46c 100644
--- a/src/i18n/languages/plPL.ts
+++ b/src/i18n/languages/plPL.ts
@@ -38,6 +38,7 @@ const dictionary: RawTranslationPackage = {
     AVERAGE: 'ŚREDNIA',
     AVERAGEA: 'ŚREDNIA.A',
     AVERAGEIF: 'ŚREDNIA.JEŻELI',
+    AVERAGEIFS: 'ŚREDNIA.WARUNKÓW',
     BASE: 'PODSTAWA',
     BIN2DEC: 'DWÓJK.NA.DZIES',
     BIN2HEX: 'DWÓJK.NA.SZESN',
diff --git a/src/i18n/languages/ptPT.ts b/src/i18n/languages/ptPT.ts
index 408d7f772..a95a904db 100644
--- a/src/i18n/languages/ptPT.ts
+++ b/src/i18n/languages/ptPT.ts
@@ -38,6 +38,7 @@ const dictionary: RawTranslationPackage = {
     AVERAGE: 'MÉDIA',
     AVERAGEA: 'MÉDIAA',
     AVERAGEIF: 'MÉDIASE',
+    AVERAGEIFS: 'MÉDIA.SE.S',
     BASE: 'BASE',
     BIN2DEC: 'BINADEC',
     BIN2HEX: 'BINAHEX',
diff --git a/src/i18n/languages/ruRU.ts b/src/i18n/languages/ruRU.ts
index 657b0db37..7e120546a 100644
--- a/src/i18n/languages/ruRU.ts
+++ b/src/i18n/languages/ruRU.ts
@@ -38,6 +38,7 @@ const dictionary: RawTranslationPackage = {
     AVERAGE: 'СРЗНАЧ',
     AVERAGEA: 'СРЗНАЧА',
     AVERAGEIF: 'СРЗНАЧЕСЛИ',
+    AVERAGEIFS: 'СРЗНАЧЕСЛИМН',
     BASE: 'ОСНОВАНИЕ',
     BIN2DEC: 'ДВ.В.ДЕС',
     BIN2HEX: 'ДВ.В.ШЕСТН',
diff --git a/src/i18n/languages/svSE.ts b/src/i18n/languages/svSE.ts
index 5f8758008..fe5101ad2 100644
--- a/src/i18n/languages/svSE.ts
+++ b/src/i18n/languages/svSE.ts
@@ -38,6 +38,7 @@ const dictionary: RawTranslationPackage = {
     AVERAGE: 'MEDEL',
     AVERAGEA: 'AVERAGEA',
     AVERAGEIF: 'MEDEL.OM',
+    AVERAGEIFS: 'MEDEL.OMF',
     BASE: 'BASE',
     BIN2DEC: 'BIN.TILL.DEC',
     BIN2HEX: 'BIN.TILL.HEX',
diff --git a/src/i18n/languages/trTR.ts b/src/i18n/languages/trTR.ts
index dc243600d..76c85418d 100644
--- a/src/i18n/languages/trTR.ts
+++ b/src/i18n/languages/trTR.ts
@@ -38,6 +38,7 @@ const dictionary: RawTranslationPackage = {
     AVERAGE: 'ORTALAMA',
     AVERAGEA: 'ORTALAMAA',
     AVERAGEIF: 'EĞERORTALAMA',
+    AVERAGEIFS: 'ÇOKEĞERORTALAMA',
     BASE: 'TABAN',
     BIN2DEC: 'BIN2DEC',
     BIN2HEX: 'BIN2HEX',
diff --git a/src/interpreter/functionMetadata/categories/statistical.ts b/src/interpreter/functionMetadata/categories/statistical.ts
index 1752c3eaf..47dc48d22 100644
--- a/src/interpreter/functionMetadata/categories/statistical.ts
+++ b/src/interpreter/functionMetadata/categories/statistical.ts
@@ -38,6 +38,13 @@ export const STATISTICAL_DOCS: Record<string, FunctionDoc> = {
     documentationUrl: 'https://hyperformula.handsontable.com/docs/guide/built-in-functions.html',
     examples: ['=AVERAGEIF(A1:A10, ">5")', '=AVERAGEIF(B1:B10, "apples", C1:C10)'],
   },
+  AVERAGEIFS: {
+    category: 'Statistical',
+    shortDescription: 'Returns the arithmetic mean of the cells in a range that meet a set of criteria.',
+    parameters: [{name: 'average_range', description: 'The range of cells to average.'}, {name: 'criteria_range1', description: 'A range of cells tested against the paired criterion. Further range/criterion pairs can be passed as additional arguments, and only cells meeting every criterion are considered.'}, {name: 'criteria1', description: 'The condition applied to the preceding range, e.g. ">5", "apples", or a cell reference.'}],
+    documentationUrl: 'https://hyperformula.handsontable.com/docs/guide/built-in-functions.html',
+    examples: ['=AVERAGEIFS(C1:C10, A1:A10, ">5")', '=AVERAGEIFS(C1:C10, A1:A10, ">5", B1:B10, "apples")'],
+  },
   'BETA.DIST': {
     category: 'Statistical',
     shortDescription: 'Returns the density of the beta distribution.',
diff --git a/src/interpreter/plugin/ConditionalAggregationPlugin.ts b/src/interpreter/plugin/ConditionalAggregationPlugin.ts
index f2e74e83c..9c7700f64 100644
--- a/src/interpreter/plugin/ConditionalAggregationPlugin.ts
+++ b/src/interpreter/plugin/ConditionalAggregationPlugin.ts
@@ -99,6 +99,15 @@ export class ConditionalAggregationPlugin extends FunctionPlugin implements Func
         {argumentType: FunctionArgumentType.RANGE, optionalArg: true},
       ],
     },
+    AVERAGEIFS: {
+      method: 'averageifs',
+      parameters: [
+        {argumentType: FunctionArgumentType.RANGE},
+        {argumentType: FunctionArgumentType.RANGE},
+        {argumentType: FunctionArgumentType.NOERROR},
+      ],
+      repeatLastArgs: 2,
+    },
     SUMIFS: {
       method: 'sumifs',
       parameters: [
@@ -207,6 +216,56 @@ export class ConditionalAggregationPlugin extends FunctionPlugin implements Func
     return this.runFunction(ast.args, state, this.metadata(functionName), computeFn)
   }
 
+  /**
+   * Corresponds to AVERAGEIFS(AverageRange, CriterionRange1, Criterion1, ...)
+   *
+   * AverageRange is the range whose matching numeric values are averaged.
+   * Every CriterionRange and Criterion pair adds a condition that must be satisfied.
+   *
+   * @param ast
+   * @param state
+   */
+  public averageifs(ast: ProcedureAst, state: InterpreterState): InterpreterValue {
+    const functionName = 'AVERAGEIFS'
+
+    const composeFunction = (left: AverageResult | CellError, right: AverageResult | CellError): AverageResult | CellError => {
+      if (left instanceof CellError) {
+        return left
+      } else if (right instanceof CellError) {
+        return right
+      } else {
+        return left.compose(right)
+      }
+    }
+
+    const computeFn = (values: SimpleRangeValue, ...args: unknown[]) => {
+      const averageResult = this.computeConditionalAggregationFunction<AverageResult | CellError>(
+        values,
+        args as RawInterpreterValue[],
+        functionName,
+        AverageResult.empty,
+        composeFunction,
+        (arg) => {
+          if (arg instanceof CellError) {
+            return arg
+          } else if (isExtendedNumber(arg)) {
+            return AverageResult.single(getRawValue(arg))
+          } else {
+            return AverageResult.empty
+          }
+        },
+      )
+
+      if (averageResult instanceof CellError) {
+        return averageResult
+      } else {
+        return averageResult.averageValue() ?? new CellError(ErrorType.DIV_BY_ZERO)
+      }
+    }
+
+    return this.runFunction(ast.args, state, this.metadata(functionName), computeFn)
+  }
+
   /**
    * Corresponds to COUNTIF(Range, Criterion)
    *