Josh Shapiro has fundraised $50 million since the beginning of last year, his campaign says

Gov. Josh Shapiro’s teeming campaign war chest continues to grow.

The first-term Democrat raised a whopping $12 million toward his reelection bid for Pennsylvania governor between April and June, his campaign said Wednesday — bringing his total fundraising to $50 million since January 2025.

That announcement from Shapiro’s campaign comes months ahead of the next financial filing deadline for Pennsylvania candidates on Sept. 22.

But the news of the governor’s eye-popping fundraising figures — topping the $10 million he raised between January and March — comes the same week that federal elected officials and candidates are required to submit their financial reports.

Shapiro is widely speculated to be considering a 2028 presidential run, though he has demurred when asked about any presidential ambitions. Several sitting members of Congress like U.S. Sens. Cory Booker, Mark Kelly, and Chris Murphy, and U.S. Reps. Ro Khanna and Alexandria Ocasio-Cortez — all of whom will file their latest fundraising totals by Wednesday night — are also seen as prospective candidates for the Democratic presidential primary.

However, federal officials face different limits on the amounts of money they can receive. Individuals can only give $3,500 per candidate per election. In Pennsylvania, state law allows unlimited spending for candidates, and multiple donors have contributed five- and six-figure dollar amounts to Shapiro’s campaign.

A spokesperson for Shapiro declined to comment on the timing of his fundraising announcement.

If Shapiro decides to run for higher office, the money he has fundraised would not follow him. State campaigns are not permitted to transfer money to a presidential run. But his connections could provide a vast network of donors if he pursues the White House.

Shapiro, who has boasted high popularity ratings in Pennsylvania throughout his term, has also consistently polled well ahead of his Republican gubernatorial opponent, State Treasurer Stacy Garrity.

Garrity’s campaign did not provide its latest fundraising numbers. Full reports for both Garrity and Shapiro, including who gave the money and how much was spent, will be available in September. In the 2022 Pennsylvania governor’s race, Shapiro spent a historic $73 million to beat Republican State Sen. Doug Mastriano.

During the last reporting cycle, Shapiro outraised Garrity 10-1 as she struggled to compete with Shapiro’s large donations from across the country. Her campaign has previously emphasized that most of her contributions came from individual Pennsylvanians.

» READ MORE: Gov. Josh Shapiro outraised likely GOP opponent Stacy Garrity 10-1 in the first quarter of 2026

On Tuesday, Garrity stopped in Philadelphia for an event with Florida Gov. Ron DeSantis at the Union League about issues related to affordability, according to an event flyer. Press were denied entry into the private event.

Shapiro was also in the city on Tuesday, touting the boost to education funding in the new state budget.

The governor has repeatedly said his focus is on the November election in Pennsylvania, where he is vying not only for reelection but to rally enthusiasm down-ballot in efforts to flip control of the state Senate and elect Democrats to four nationally-watched congressional seats in attempts to flip the U.S. House.

» READ MORE: How the Pennsylvania governor’s race will help decide who controls the U.S. House

Shapiro has taken on a more prominent role in the state’s Democratic Party over the past year. His longtime ally, Larry Hailsham Jr., became the party’s executive director in October 2025, and since then, and since then, he has continued to invest in the party.