# Brazil Q2 2026 corporate earnings > Live situation record from CLSTR: https://clstr.news/situations/brazil-q2-2026-corporate-earnings > Updated: 2026-08-24T00:28:37.000Z. Sources: 107. Developments: 8. The Q2 2026 earnings season for Brazilian corporations continues to show diverse performance across sectors. In the education sector, Vitru Educação reported a 31.5% rise in net profit to R$ 159 million, while Ser Educacional reported an adjusted net profit of R$ 106.3 million, maintaining growth despite regulatory pressures on distance learning. Conversely, Yduqs reported a 54.2% drop in adjusted net profit to R$ 14 million due to student migration toward semi-presential formats. Newer results highlight further sector variance. Ultrapar reported a 46% increase in net profit to R$ 1.7 billion, aided by a recovering fuel market, while SulAmérica saw EBITDA grow 53.4% to R$ 612.1 million. In contrast, Compass reported a 19% drop in net profit to R$ 287.16 million, and MRV recorded a consolidated net loss of R$ 626 million due to accounting write-downs in its US operation, Resia. In the energy sector, Vibra Energia saw a significant surge in net profit, reaching R$ 2.35 billion, an increase of over 700% compared to the previous year. Raízen reported a net loss of R$ 1.642 billion for the first quarter of the 2026/27 harvest year, though its adjusted EBITDA more than doubled to R$ 3.848 billion due to strong fuel distribution performance in Brazil. In the financial sector, XP Inc. reported an adjusted net profit of R$ 1.384 billion, a 5% year-over-year increase, with gross revenue rising 8% to R$ 5.056 billion. Total client assets reached R$ 2.2 trillion, a 17% annual increase. While retail saw R$ 20 billion in net inflows, analysts noted a trend where inflows are increasingly driven by daily liquidity products, contributing to a 5.5 basis point drop in the company’s return rate on client funds. Additionally, C6 Bank reported a 20% increase in first-half profits, reaching R$ 1.3 billion. ## Claims - ArcelorMittal Q2 2026 sales were $16.8 billion, up 5% YoY. (disputed) - ArcelorMittal reported Q2 2026 revenue of $16.76 billion, a 5 % increase year‑on‑year. (disputed) - Multiplan net profit for Q2 2026 was R$427.4 million, up 61.7% YoY. (corroborated by 7 sources) - Multiplan net revenue for Q2 2026 was R$846.8 million, up 22% YoY. (corroborated by 7 sources) - Multiplan EBITDA for Q2 2026 was R$699.2 million, up 52% YoY. (corroborated by 7 sources) - Multiplan EBITDA margin was 82.6% in Q2 2026. (corroborated by 7 sources) - Multiplan recognized approximately R$253 million in PIS/Cofins tax credits in Q2 2026. (corroborated by 7 sources) - Multiplan shopping‑center occupancy averaged 96.2% in Q2 2026. (corroborated by 7 sources) - Multiplan FFO for Q2 2026 was R$515.7 million, up 76.3% YoY. (corroborated by 7 sources) - Multiplan NOI for Q2 2026 was R$529.9 million, with a 95.9% margin. (corroborated by 4 sources) ## Timeline ### 2026-08-24: XP Inc. reports R$ 1.4 billion profit and record client inflows in Q2 2026 XP Inc. reported Q2 2026 revenue of R$ 5.056 billion and a net profit of R$ 1.384 billion, driven by R$ 2.2 trillion in total client assets and strong growth in its corporate banking division. 2 sources. https://clstr.news/cluster/xp-inc-reports-r-14-billion-profit-and-record-client-inflows-in-q2-2026 ### 2026-08-21: XP Inc. reports Q2 2026 revenue growth to R$ 5.1 billion XP Inc. reported Q2 2026 revenue of R$ 5.056 billion and a net profit of R$ 1.384 billion, driven by a 17% increase in client assets totaling R$ 2.2 trillion. 2 sources. https://clstr.news/cluster/xp-inc-reports-q2-2026-revenue-growth-to-r-51-billion ### 2026-08-17: XP Inc. and C6 Bank report growth in Brazilian financial results XP Inc. reported a 5% increase in Q2 net profit to R$ 1.38 billion, driven by R$ 28 billion in net inflows. Meanwhile, C6 Bank saw a 20% rise in first-half profits amid growing credit demand. 15 sources. https://clstr.news/cluster/brazilian-companies-report-mixed-q2-2026-financial-results ### 2026-08-13: Brazilian companies report diverse Q2 2026 financial results Major Brazilian firms report mixed Q2 2026 results: Vibra Energia's profit surged 700%, while Raízen reduced its net loss to R$ 1.64 billion amid strong fuel distribution performance. 20 sources. https://clstr.news/cluster/banrisul-announces-technological-modernization-and-investment-plan ### 2026-08-11: Brazil economy: Retail sales rise as corporate Q2 results show mixed performance Brazilian retail sales grew 0.5% in June, exceeding forecasts. Meanwhile, Q2 2026 corporate results showed varied performance, with Ultrapar and SulAmérica seeing gains while Compass and MRV faced losses. 60 sources. https://clstr.news/cluster/brazilian-education-firms-vitru-and-ser-educacional-report-q2-growth ### 2026-07-30: ArcelorMittal reports Q2 2026 earnings amid profit drop and revenue rise ArcelorMittal Q2 2026 revenue rose to $16.76 bn but profit fell 62 %; EMSTEEL posted AED 2.4 bn revenue, 157 % profit jump; Multiplan net profit up 61.7 %; Irani profit down 70 %; Locarx tourism rentals +15 %; 38 sources. https://clstr.news/cluster/arcelormittal-projects-higher-european-steel-volumes-in-h2-2026-and-reports-earnings-growth ### 2026-07-26: Brazil firms' 2Q2026 earnings to boost market activity Analysts forecast strong performance for Petrobras, Multiplan, Bradesco and Direcional ahead of Brazil's 2Q2026 earnings season, where 11 major firms including Vale and Santander will report results. 3 sources. https://clstr.news/cluster/brazil-firms-2q2026-earnings-to-boost-market-activity ### 2026-07-16: Brazilian firms B3 and Estapar report Q2 2026 performance B3 reported mixed June volumes but a neutral outlook, while Estapar's Q2 2026 revenue rose 13.5 % to R$ 524 million, driven by more operations and digital services. 3 sources. https://clstr.news/cluster/brazilian-firms-b3-and-estapar-report-q2-2026-performance --- Cite as: Brazil Q2 2026 corporate earnings. CLSTR, https://clstr.news/situations/brazil-q2-2026-corporate-earnings