| Candidate | Party | Votes | % | |
|---|---|---|---|---|
| Fernando Lopez | Liberal Party (Quirino wing)[a] | 1,741,302 | 51.67 | |
| Manuel Briones | Nacionalista Party | 1,184,215 | 35.14 | |
| Vicente Francisco | Liberal Party (Avelino wing)[a] | 444,550 | 13.19 | |
| Total | 3,370,067 | 100.00 | ||
| Valid votes | 3,370,067 | 94.14 | ||
| Invalid/blank votes | 209,850 | 5.86 | ||
| Total votes | 3,579,917 | 100.00 | ||
| Registered voters/turnout | 5,135,814 | 69.70 | ||
| Source: Nohlen, Grotz, Hartmann, Hasall and Santos[1] | ||||
- ^ a b The Liberal Party was split into two wings: those who supported Elpidio Quirino or the "Quirinitas" or the "Quirino wing", and those who supported Jose Avelino or the "Avelinistas" or the "Avelino wing".
- ^ Dieter Nohlen; Florian Grotz; Christof Hartmann; Graham Hassall; Soliman M. Santos.
Elections in Asia and the Pacific: A Data Handbook: Volume II: South East Asia, East Asia, and the South Pacific.