IBOV 192,114.55 ▲ 2.63% IPSA 10,916.57 ▲ 0.08% IPC MEX 64,531.68 ▲ 1.10% MERVAL 2,767,663 ▲ 0.32% COLCAP 2,515.02 ▼ 0.59% BVL PERÚ 59,751.67 ▲ 0.18% USD/BRL5.22— 0.00% USD/MXN18.15▼ 0.83% USD/CLP989.60— 0.00% USD/COP3,263▼ 1.66% USD/PEN3.43▼ 0.53% USD/ARS1,524▼ 0.04% USD/UYU40.46▲ 3.55% USD/PYG5,821▲ 2.69% USD/BOB11.93▲ 2.09% USD/DOP59.90▲ 0.67% USD/CRC456.38▲ 3.02% USD/GTQ7.64▲ 3.14% USD/HNL26.86▲ 3.19% USD/NIO36.62▲ 2.63% USD/VES864.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.69▲ 1.67% EUR/BRL5.87▲ 0.03% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 192,114.55 ▲ 2.63% IPSA 10,916.57 ▲ 0.08% IPC MEX 64,531.68 ▲ 1.10% MERVAL 2,767,663 ▲ 0.32% COLCAP 2,515.02 ▼ 0.59% BVL PERÚ 59,751.67 ▲ 0.18% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Sunday, October 4, 2026

Brazil Brazil Elections 2026

BTG/Nexus Poll: Lula Leads Flávio Bolsonaro in Brazil’s 2026 Election Runoff

By · August 17, 2026 · 5 min read
BTG/Nexus poll - President Lula at his 2023 inauguration in Brasília
President Luiz Inácio Lula da Silva at his 2023 inauguration in Brasília. A BTG/Nexus poll released on August 10, 2026, put Lula on 47% and Flávio Bolsonaro on 44% in a 2026 runoff. (Photo: Sintegrity, CC BY-SA 4.0, Wikimedia Commons.)

Brazil · Politics

Latest poll numbers — September 2026: Lula 38%, Flávio Bolsonaro 30%, Augusto Cury 11% (Real Time Big Data, Aug 27–31); every runoff simulation is tied within the margin of error. Follow our Brazil Election Poll Tracker — updated weekly — and the Elections 2026 Complete Guide. On election night: Brazil election results 2026 — live count from 5 pm BRT.

Key Facts

  • —What happened A new BTG/Nexus poll shows Lula at 47% against Flávio Bolsonaro’s 44% in Brazil’s 2026 runoff.
  • —How big a jump The three-point gap counts as a technical tie, within the poll’s two-point margin of error.
  • —The real story Lula’s lead has narrowed from 46% to 45% in early August to this near dead heat.
  • —The catch In the full first-round field, Lula leads comfortably with 40% to Flávio Bolsonaro’s 35%.
  • —Who it touches Pollster Nexus interviewed 2,001 Brazilian voters by telephone between August 7 and 9, 2026.
  • —What comes next Brazil votes in October 2026, leaving the presidential race genuinely up for grabs.

A fresh survey from a different pollster echoes what others now show: a once-comfortable Lula lead has shrunk to a near dead heat.

A new BTG/Nexus poll shows Brazil’s 2026 presidential runoff turning into a coin flip. It gives President Lula 47% against Senator Flávio Bolsonaro’s 44%, a gap thin enough to count as a tie.

The number lands as poll after poll charts the same story: Lula still ahead, but no longer safely.

What the BTG/Nexus Poll Found

The BTG/Nexus poll, released on August 10, tested a head-to-head runoff between the two front-runners. It found Lula on 47% and Flávio Bolsonaro on 44%, with the rest undecided or spoiling their vote.

Because the margin of error is two points, the pollster labels the race a technical tie. In plain terms, the three-point gap is too small to declare a real winner.

Inside the Runoff Numbers

The runoff scenario pits Lula against Flávio Bolsonaro one-on-one, after smaller candidates drop away. Here, 8% said they would pick no one or spoil the ballot, while 1% stayed unsure.

That leaves a slim three-point cushion for the president. Still, within the poll’s error bars, either man could plausibly be in front on election day.

The First-Round Picture

The first round tells a friendlier story for Lula. When voters saw the full field of names, he took 40% against Flávio Bolsonaro’s 35%.

Behind them, Goiás governor Ronaldo Caiado drew 5%, with other hopefuls stuck in low single digits. So the wider the field, the more comfortable Lula’s lead looks.

How the BTG/Nexus Poll Compares to Quaest

This is a different pollster from the Quaest survey published days later, on August 14. Quaest gave Lula a similar runoff edge, 43% to 40%, also inside the margin of error.

Two separate firms, using different methods, landed on the same shape. Therefore the picture of a tight, tie-level runoff is not a one-off quirk.

A Race That Keeps Tightening

The trend matters as much as any single number. In the prior BTG/Nexus wave in early August, the runoff sat at 46% to 45%, even closer than now.

Earlier in the year, Lula’s lead ran wider. As a result, the recent readings mark a race that has steadily narrowed toward a photo finish.

Who Is Flávio Bolsonaro

Flávio Bolsonaro is a sitting senator and the eldest son of former president Jair Bolsonaro. He has emerged as the right’s strongest 2026 contender as his father’s legal troubles mount.

For many voters, his name is a clear stand-in for the Bolsonaro brand. That inheritance is both his biggest asset and, for critics, his heaviest baggage.

Lula’s Approval Problem

The same survey hints at why the race is so close. It found Lula’s government approved by 46% but disapproved by a larger 49%.

When more people frown than nod, re-election gets harder. Even so, Lula’s personal standing keeps him narrowly ahead in the head-to-head tests.

How the Poll Was Done

Nexus, the polling firm hired by bank BTG Pactual, interviewed 2,001 voters across Brazil. It reached them by telephone between August 7 and 9, and reports a 95% confidence level.

The margin of error is two percentage points either way. Because of that, small week-to-week swings should be read with real caution.

Why the BTG/Nexus Poll Matters

Brazil votes in October 2026, so these late-summer numbers set the mood of the campaign. They tell donors, parties and rivals that the presidency is genuinely up for grabs.

For now, the message is steady rather than settled. Lula leads, Flávio Bolsonaro is within touching distance, and every fresh poll is scrutinized for the next shift.

What does the BTG/Nexus poll show for the 2026 runoff?

It gives President Lula 47% and Senator Flávio Bolsonaro 44% in a head-to-head second round. With a two-point margin of error, the pollster calls it a technical tie.

What are the first-round numbers?

With the full field of names shown, Lula leads with 40% to Flávio Bolsonaro’s 35%. Goiás governor Ronaldo Caiado is third at 5%, and other candidates trail in single digits.

How does it compare to the Quaest poll?

Quaest, a separate firm, published a poll on August 14 showing Lula ahead 43% to 40% in the runoff. Both surveys point to a tight race within the margin of error.

How was the BTG/Nexus poll conducted?

Nexus interviewed 2,001 voters by telephone from August 7 to 9, 2026. The poll has a margin of error of two percentage points at 95% confidence.

Connected Coverage

Sources: Poder360; CNN Brasil; Exame; Nexus/FSB; Reuters.

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