Anthropic’s charitable stock-matching program racks up over $660 million in expenses

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Anthropic has disclosed a non-cash expense of over $660 million for its employee charitable stock donation matching program covering October 2025 through March 2026. Approximately $125 million of this expense was recorded in Q1 2026 alone, representing about 10% of total employee expenses and 2% of operating costs. The program offers a 3:1 match for pre-2025 hires and a 1:1 match for employees hired in 2025 or later. Anthropic’s total corporate contributions in 2025 reached approximately $540 million, nearly five times the amount of the top Fortune 500 donor, BlackRock, at $109 million. The expense is excluded from the company’s adjusted profit metrics, and analysts warn that once the company’s equity becomes tradable, the charitable bill could climb into the billions.

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Telemac
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