| Candidate | Party | Votes | % | |
|---|---|---|---|---|
| Joseph Estrada | Laban ng Makabayang Masang Pilipino | 10,722,295 | 39.86 | |
| Jose de Venecia Jr. | Lakas–NUCD–UMDP | 4,268,483 | 15.87 | |
| Raul Roco | Aksyon Demokratiko | 3,720,212 | 13.83 | |
| Lito Osmeña | PROMDI | 3,347,631 | 12.44 | |
| Alfredo Lim | Liberal Party | 2,344,362 | 8.71 | |
| Renato de Villa | Partido para sa Demokratikong Reporma–Lapiang Manggagawa | 1,308,352 | 4.86 | |
| Miriam Defensor Santiago | People's Reform Party | 797,206 | 2.96 | |
| Juan Ponce Enrile | Independent | 343,139 | 1.28 | |
| Santiago Dumlao | Kilusan para sa Pambansang Pagpapanibago | 32,212 | 0.12 | |
| Manuel Morato | Partido Bansang Marangal | 18,644 | 0.07 | |
| Total | 26,902,536 | 100.00 | ||
| Valid votes | 26,902,536 | 91.86 | ||
| Invalid/blank votes[a] | 2,383,239 | 8.14 | ||
| Total votes | 29,285,775 | 100.00 | ||
| Registered voters/turnout | 33,873,665 | 86.46 | ||
| Source: Nohlen, Grotz, Hartmann, Hasall and Santos[1] | ||||
- ^ Includes 232,714 votes for Imelda Marcos (Kilusang Bagong Lipunan) who withdrew after the ballots were printed.
- ^ 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.