diff --git a/HISTORY.md b/HISTORY.md
index c02639d..de2ab9d 100644
--- a/HISTORY.md
+++ b/HISTORY.md
@@ -13,6 +13,10 @@
 - Fixed minimal openpyxl dependency version to 2.6.0 (#457).
 - Dates from xls files are now read as Python datetime objects (#373).
 
+### Improvements
+
+- When importing an xlsx file, Tablib will now read cell values instead of formulas (#462).
+
 ## 1.1.0 (2020-02-13)
 
 ### Deprecations
diff --git a/docs/formats.rst b/docs/formats.rst
index 9db94ce..12ea52d 100644
--- a/docs/formats.rst
+++ b/docs/formats.rst
@@ -206,6 +206,15 @@ Import/export data in Excel 07+ Spreadsheet representation.
 This format is optional, install Tablib with ``pip install tablib[xlsx]`` to
 make the format available.
 
+.. note::
+
+    When reading an ``xlsx`` file containing formulas in its cells, Tablib will
+    read the cell values, not the cell formulas.
+
+.. versionchanged:: 2.0.0
+
+    Reads cell values instead of formulas.
+
 .. admonition:: Binary Warning
 
     The ``xlsx`` file format is binary, so make sure to write in binary mode::
diff --git a/src/tablib/formats/_xlsx.py b/src/tablib/formats/_xlsx.py
index 2e08a54..dffc192 100644
--- a/src/tablib/formats/_xlsx.py
+++ b/src/tablib/formats/_xlsx.py
@@ -63,7 +63,7 @@ class XLSXFormat:
 
         dset.wipe()
 
-        xls_book = load_workbook(in_stream, read_only=True)
+        xls_book = load_workbook(in_stream, read_only=True, data_only=True)
         sheet = xls_book.active
 
         dset.title = sheet.title
@@ -81,7 +81,7 @@ class XLSXFormat:
 
         dbook.wipe()
 
-        xls_book = load_workbook(in_stream, read_only=True)
+        xls_book = load_workbook(in_stream, read_only=True, data_only=True)
 
         for sheet in xls_book.worksheets:
             data = tablib.Dataset()
diff --git a/tests/files/xlsx_cell_values.xlsx b/tests/files/xlsx_cell_values.xlsx
new file mode 100644
index 0000000..0f72e9c
Binary files /dev/null and b/tests/files/xlsx_cell_values.xlsx differ
diff --git a/tests/test_tablib.py b/tests/test_tablib.py
index 6a2fbc2..ca57d00 100755
--- a/tests/test_tablib.py
+++ b/tests/test_tablib.py
@@ -1023,6 +1023,13 @@ class XLSXTests(BaseTestCase):
             data.append(('string', b'\x0cf'))
             data.xlsx
 
+    def test_xlsx_cell_values(self):
+        """Test cell values are read and not formulas"""
+        xls_source = Path(__file__).parent / 'files' / 'xlsx_cell_values.xlsx'
+        with xls_source.open('rb') as fh:
+            data = tablib.Dataset().load(fh)
+        self.assertEqual(data.headers[0], 'Hello World')
+
 
 class JSONTests(BaseTestCase):
     def test_json_format_detect(self):