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Yes it is possible to achieve your requirement. There are multiple options available to download/export your form's submission data to excel format. Here are the available options:
#1. You can also integrate your form with google spreadsheet. Once your form is submitted, a copy of the submission record will also be saved in integrated google spreadsheet. The following guide should help you: http://www.jotform.com/help/228-How-to-Integrate-Form-with-Google-Spreadsheet
#2. You can simply export your form's submission records in excel file. The following guide should help you : http://www.jotform.com/help/44-How-to-Export-Form-Data-to-Excel
#3. It is also possible to create an excel report as well. The following guide should help you: http://www.jotform.com/help/101-How-to-create-an-Excel-Report
Hope this helps.
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