The Q2 2026 earnings season highlighted the impact of 14% interest rates and the economic slowdown on the performance of Brazilian publicly traded companies. A survey conducted by Elos Ayta consultancy at the request of GLOBO analyzed the financial expenses of 268 companies listed on B3.
The data shows that these expenses rose 12.09% in the period, consuming R$ 99.4 billion from companies' cash flow. The amount represents R$ 10.7 billion more than recorded in the same quarter the previous year. The growth in financial expenses was allocated to debt repayment.
The survey excluded Petrobras and Casas Bahia from the analysis. The high interest rate environment has been strongly pressuring Brazilian companies' finances, compromising resources that could be invested in other areas.




