Corporate Political Spending Hits $737 Million in 2026 Midterms, 60% Higher Than 2024 Presidential Election

Corporate political spending in the 2026 midterm elections has reached approximately $737 million, a 60 percent increase from what was spent on the 2024 presidential election, according to newly filed federal campaign finance data analyzed by Public Citizen. Spending this cycle accounts for 40 percent of the $1.8 billion corporations have spent on federal elections since the Supreme Court’s 2010 Citizens United decision.

Cryptocurrency, online betting, and Big Tech interests — including companies involved in AI and data centers — have collectively contributed $391 million toward the 2026 elections. This accounts for more than half of corporate political spending reported this cycle.

Corporate political spending has grown substantially since Citizens United. Corporations contributed $12.8 million during the 2010 election cycle, $84.9 million in 2012, and $117.9 million in 2016. The current cycle’s $737.3 million total underscores the scale of corporate spending in federal elections.

“Corporations are exploiting Citizens United to drive their political spending to unprecedented levels,” said Robert Weissman, Public Citizen co-president. “These corporations aren’t investing this money because they are civic minded or want to advance a particular viewpoint. They are spending to buy influence, determine outcomes and shape policy. This election cycle shows beyond any doubt that we desperately need a constitutional amendment to overturn Citizens United and put the people, not corporations or the super rich, back in charge of elections.”