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Brazil heads to runoff between Lula and Flávio Bolsonaro

Brazil heads to runoff between Lula and Flávio Bolsonaro

Rule Changes

Lula wins a fourth nonconsecutive term; Flávio Bolsonaro's party accepts the result as markets slide

Overview

Updated Oct 30

Luiz Inácio Lula da Silva won Brazil's presidential runoff on October 25 with 51.79% of valid votes to Flávio Bolsonaro's 48.21%, the Superior Electoral Court said. He is the first candidate to erase a first-round deficit since Brazil began holding runoffs in 1989.

Flávio Bolsonaro has not formally conceded and sought to annul the result over a two-hour voting extension. On October 26 his Liberal Party recognized Lula's victory, and Folha de S.Paulo reported that advisers urged him to drop the challenge. World leaders congratulated Lula that day while markets fell and the Treasury canceled two bond auctions.

Why it matters

Lula's win keeps Latin America's largest economy out of the Trump-aligned right, but a hostile Congress and jittery markets limit what he can do.

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Key Indicators

51.79%
Lula's share of valid votes
With all votes counted, Lula won 51.79% to Flávio Bolsonaro's 48.21%, according to the Superior Electoral Court.
48.21%
Flávio Bolsonaro's share of valid votes
Flávio Bolsonaro led after the first round but lost the runoff by about 3.6 percentage points.
4.4M
Lula's winning margin
Lula led by nearly 4.4 million votes in the official count, according to the Associated Press.
35,521
Votes cast after 5 p.m.
G1 counted 35,521 vote confirmations after 5 p.m. Brasília time in the runoff.
-25%
Brazil ETF decline
The iShares MSCI Brazil ETF was 25% lower at 10:30 a.m. ET on October 26; trading on Brazil's stock exchange was halted by a circuit breaker.

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Timeline

October 2022 October 2026

42 events Latest: October 26th, 2026 · 2 weeks ago Showing 8 of 42
Tap a bar to jump to that date
  1. Brazil stocks fall; Treasury cancels bond auctions

    Latest Economy

    The iShares MSCI Brazil ETF was 25% lower at 10:30 a.m. ET, and trading on Brazil's stock exchange was halted by an automatic circuit breaker. The Treasury canceled inflation-linked and fixed-rate auctions scheduled for October 27 and 29, citing market conditions.

  2. Liberal Party accepts Lula's victory

    Election

    Party leader Valdemar Costa Neto said the PL recognized the election results but believed the issues raised by Flávio Bolsonaro needed clarification.

  3. Trump calls Brazil vote 'rigged'

    International

    US President Donald Trump told reporters the election 'looked very bad' and resembled 'another rigged election,' but said he did not take sides.

  4. Scientific groups rallied around Lula, Nature reports

    Science

    Nature reported that Brazilian scientific organizations had rallied around Lula during the runoff and that many scientists welcomed his victory.

  5. World leaders congratulate Lula on victory

    International

    Leaders from left- and right-wing governments congratulated Lula, including Peru's president, who cited the countries' approaching bicentennial of diplomatic relations. Valor International reported that analysts expected continuity in foreign policy despite a more conservative Congress.

  6. Brazilians vote in presidential runoff

    Election

    Polling stations opened at 8 a.m. Brasília time. Justice Cristiano Zanin extended voting from 5 p.m. to 7 p.m.; Lula and Flávio Bolsonaro faced off after final surveys put them in a statistical tie.

  7. Final PoderData/Aya poll shows 51-49

    Poll

    PoderData/Aya put Flávio Bolsonaro at 51% of valid votes and Lula at 49%, a statistical tie. The institute interviewed 4,000 people in 914 cities on October 23 and 24; the margin of error is 1.6 points.

  8. Lula wins runoff in first comeback since 1989

    Election

    Lula took 51.79% of valid votes to Flávio Bolsonaro's 48.21%, with all votes counted, the electoral court said. No candidate had overturned a first-round deficit since Brazil adopted runoffs in 1989.

  9. Bolsonaro's party wins largest benches in Congress

    Election

    Flávio Bolsonaro's Liberal Party elected 121 deputies and 19 senators, the largest benches in both chambers. Lula will have to negotiate votes with center and center-right blocs.

  10. Lula adds 10.4 million votes between rounds

    Election

    Lula took 10,362,248 more votes than in the first round; Flávio Bolsonaro added 3,714,384. Lula moved from second to first in 211 municipalities and overtook Flávio in Minas Gerais.

  11. Lula pledges big tech regulation in victory speech

    Election

    In his first speech after the result, Lula thanked supporters and named big tech regulation, security, education and relations with Congress as priorities for his fourth term.

  12. 35,521 votes recorded after 5 p.m.

    Election

    G1 counted 35,521 vote confirmations after 5 p.m. Brasília time. Justice Cristiano Zanin had extended voting to 7 p.m. at stations still open, and the count was paused and resumed after 7 p.m.

  13. Runoff abstention lowest since 2006

    Election

    The runoff had the lowest abstention rate in a presidential election since 2006, according to G1.

  14. Bus shortages disrupt voting in eight states

    Election

    The Justice Ministry flagged bus shortages in eight states, many in cities run by Bolsonaro-aligned mayors. Justice Cristiano Zanin extended voting by two hours; both campaigns had asked for more time.

  15. Final CNT/MDA poll shows technical tie

    Poll

    CNT/MDA put Flávio Bolsonaro at 46.3% of total votes and Lula at 45%, a statistical tie. MDA interviewed 2,032 people from October 21 to 23; the margin of error is 2.2 points.

  16. Final Datafolha and Quaest polls show 51-49

    Poll

    Datafolha and Quaest each put Flávio Bolsonaro at 51% and Lula at 49% on the eve of the runoff. Both results were inside the margin of error.

  17. Final debate on TV Globo turns to policy

    Debate

    Lula and Flávio Bolsonaro spent two hours on Brazil's most-watched broadcaster on the economy, infrastructure and regional development. The exchange was calmer than their first debate, though Flávio called Lula 'Nine Fingers' and Lula demanded an apology.

  18. Datafolha shows race tied at 50-50 in valid votes

    Poll

    Datafolha had Flávio at 47% and Lula at 46% of total votes, tied at 50% each among valid votes, after Flávio led 51% to 49% a week earlier. Lula's campaign called the result a sign of momentum; Flávio's team said the poll understated him.

  19. Candidates adjust debate strategy after backlash

    Campaign

    After negative reaction to their first runoff debate, Lula and Flávio Bolsonaro planned to change their approach for a TV Globo confrontation, CBN reported.

  20. Polls show tight race as runoff nears

    Poll

    BTG/Nexus had Flávio at 50.3% of valid votes to Lula's 49.7%, a technical tie. AtlasIntel/Bloomberg had 51.1% to 48.9%, and PoderData/Aya 52% to 48%.

  21. Lula rallies supporters in São Paulo

    Campaign

    Around a million people marched in São Paulo with Workers' Party banners, demanding funding for public education, healthcare and transport.

  22. First runoff debate turns personal

    Debate

    Lula and Flávio Bolsonaro called each other liars and traded corruption accusations in their first runoff debate.

  23. Datafolha poll shows Lula cutting lead

    Poll

    Datafolha released a poll showing Bolsonaro at 51% of valid votes and Lula at 49%, down from a four-point gap a week earlier.

  24. Report: Instagram restricted Lula campaign posts

    Technology

    Folha de S.Paulo reported that 'technical restrictions' on Instagram blocked Lula's campaign from promoting posts for almost 24 hours on October 9-10. Meta called it a glitch; Lula's campaign complained of bias.

  25. Report: Flávio campaign paid for AI voter targeting

    Campaign

    The Intercept Brasil reported that Flávio Bolsonaro's campaign and the Liberal Party paid cybersecurity firm Elytron to run an AI system that analyzed voter data and targeted political messages.

  26. Senate approves 40-hour week and two days off

    Legislation

    Brazil's Senate approved a constitutional amendment that ended the six-day work schedule, cut the maximum workweek to 40 hours and guaranteed two days of paid rest each week.

  27. Lula proposes free weekend public transport

    Policy

    Lula announced a constitutional amendment proposal to make public transport free on weekends in every Brazilian city.

  28. Quaest poll shows Bolsonaro ahead

    Poll

    A Quaest poll gives Bolsonaro 47% of valid votes to Lula's 45%, within the margin of error.

  29. Three polls show technical tie or narrow Bolsonaro lead

    Poll

    BTG/Nexus gives Bolsonaro 52% of valid votes to Lula's 48%; PoderData/Aya shows 51% to 49%; Datafolha shows 49% to 45%. PoderData/Aya shows Lula gaining 2 points since October 8.

  30. Lula campaign seeks to broaden support

    Campaign

    PT turns to state-level leaders to break Lula's isolation. Bolsonaro has consolidated endorsements from Republicans, Podemos, Novo, and Brazil Union-Progressives.

  31. Bolsonaro secures endorsements from eliminated candidates

    Endorsement

    Bolsonaro gains backing from Ronaldo Caiado (PSD), Romeu Zema (Novo), and Clariana Barão (Christian Democracy). Renan Santos declines to endorse. Free campaign ads resume on TV and radio.

  32. Datafolha runoff poll shows statistical tie

    Poll

    First Datafolha poll of the runoff gives Bolsonaro 49% and Lula 45%, a statistical tie within the 2-point margin of error. In valid votes, Bolsonaro leads 52% to 48%. Among voters who backed eliminated candidates, 46% say they'll vote for Bolsonaro, 32% for Lula.

  33. First round: Bolsonaro leads, runoff set

    Election

    Flávio Bolsonaro wins 47.03% of valid votes to Lula's 45.16%. Neither reaches 50%, forcing an October 25 runoff. The right also gains ground in Congress.

  34. Lula narrowly defeats Jair Bolsonaro

    Election

    Lula returned to office for a third term, defeating the incumbent in a tight runoff.

Scenarios

1

Flávio Bolsonaro wins the presidency

Deadline passed (Oct 26, 2026)

Discussed by: Reuters, NPR, BBC

Bolsonaro enters the runoff with a first-round lead and a natural pool of voters: the third, fourth, and fifth-place candidates are all right-wing. His Liberal Party also won the most seats in Congress. If he holds his coalition and picks up moderate voters, he could win on October 25.

2

Lula wins a fourth term

Deadline passed (Oct 26, 2026)

Discussed by: BBC, NPR

Lula needs to rebuild the broad coalition that returned him to power in 2022, including younger voters who showed less enthusiasm this time. He has pledged to continue social spending and stand up to Trump's policies. A win would keep Brazil's distance from Washington and deepen ties with China.

3

Undecided and abstaining voters decide the runoff

Deadline passed (Oct 25, 2026)

Discussed by: AP News

More than 33 million voters, 21% of the electorate, abstained in the first round. Both campaigns are targeting undecided voters and supporters of eliminated candidates. A shift of a few percentage points could decide the outcome.

4

Electoral court annuls the runoff result

Unlikely Resolves by Jan 5, 2027

Discussed by: Flávio Bolsonaro's legal team, Superior Electoral Court

Flávio Bolsonaro said he would ask the electoral court to annul the runoff over the two-hour voting extension. His Liberal Party has since recognized Lula's victory, and Folha de S.Paulo reported that advisers urged him to drop the challenge. The court has not ruled, and Lula's victory stands.

5

Flávio Bolsonaro drops his challenge and concedes

Likely Resolves by Nov 30, 2026

Discussed by: Folha de S.Paulo, Liberal Party statement

Flávio Bolsonaro's advisers and political allies have urged him to abandon his bid to annul the election after his party recognized Lula's victory. A formal concession would end the last legal dispute over the result.

Historical Context

3 moments from history that rhyme with this story — and how they unfolded.

October 2022

Brazil 2022 presidential election (October 2022)

Lula da Silva narrowly defeated incumbent Jair Bolsonaro in the 2022 runoff, returning to office for a third term. Bolsonaro refused to concede and later faced charges for plotting to overturn the result.

Then

Lula took office in January 2023; Bolsonaro was convicted and sentenced to 27 years in prison.

Now

The Bolsonaro political movement remained strong, setting up his son Flávio's 2026 campaign.

Why this matters now

The 2026 runoff is a rematch: Lula again faces a Bolsonaro, this time the son, in a similarly tight contest.

November 2023

Argentina elects Javier Milei (November 2023)

Javier Milei, a right-wing libertarian economist, won Argentina's presidential runoff, defeating Peronist candidate Sergio Massa. He campaigned on slashing government spending and aligning with the United States.

Then

Milei took office in December 2023 and began aggressive austerity measures.

Now

His victory was part of a rightward shift across Latin America, with several countries electing conservative leaders.

Why this matters now

A Bolsonaro win in Brazil would extend this rightward wave across Latin America's largest economy.

October 2018

Jair Bolsonaro's 2018 election win (October 2018)

Jair Bolsonaro, then a fringe congressman, won the presidency in 2018, defeating the Workers' Party's Fernando Haddad. His victory marked a sharp rightward turn for Brazil.

Then

Bolsonaro took office in January 2019 and governed for four years.

Now

His family became a dominant force in Brazilian politics, with his son Flávio now running for the presidency.

Why this matters now

The Bolsonaro family's political brand, built in 2018, is on the ballot again in 2026.

Sources

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