Exclusive: Shapiro raises $10M in first quarter

Holly Otterbein

Pennsylvania Gov. Josh Shapiro raked in more than $10 million in the first three months of the year for his reelection campaign, his team tells Axios — a huge sum that shows off the fundraising chops of the potential 2028 candidate for president.

Why it matters: Shapiro's haul not only signals his strength going into his bid for a second term this November in a key swing state, it also indicates he could be a formidable fundraiser if he eventually runs for the White House.

Shapiro's likely Republican opponent this fall, state Treasurer Stacy Garrity, has struggled to bring in enough money to compete with the popular governor.
The Cook Political Report recently shifted its rating for the contest from "likely Democrat" to "solid Democrat," pointing to Shapiro's money advantage and double-digit lead in the polls.

By the numbers: Shapiro's team says his fundraising total is twice as much as the prior record for a Pennsylvania gubernatorial candidate for this quarter in the cycle.

An aide for Shapiro said the governor donated $250,000 in February to the Pennsylvania Democratic Party. Shapiro has been particularly active recently in trying to shape the state party as he seeks to help flip several GOP-held congressional seats.
Shapiro's team declined to share additional details, such as the amount of money the campaign has on hand.

Reality check: Pennsylvania is unusual because it has no campaign contribution limits for state-level candidates from individuals and PACs.

The other side: Garrity's campaign hasn't disclosed how much money she raised in the first quarter of the year. She brought in $1.5 million in 2025, compared to Shapiro's $23 million during that time.

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Exclusive: Shapiro raises $10M in first quarter

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