Two Years Into Trump 2.0, Corporate America’s Pride Month Looks Different

For years, Pride Month gave companies an opportunity to launch elaborate marketing campaigns celebrating LGBTQ+ communities. But two years into President Donald Trump’s second term, much of corporate America’s enthusiasm appears to be undergoing a Pride pivot. 

During the Biden administration, Target’s annual Pride collection was a centerpiece of its June marketing strategy, dominating store displays and the company’s homepage while generating extensive influencer promotion online. In 2026, however, Target’s homepage focuses on Father’s Day gifts and Fourth of July merchandise, with Pride products playing a far less visible role.

Walmart has taken a similar approach. The retail giant withdrew its sponsorship from Stonewall Columbus Pride in 2025 and scaled back its Pride-related inventory in 2026. 

Amazon also appears to be taking a quieter approach. While the company previously used its social media platforms to celebrate Pride Month, it has yet to make a comparable public declaration in 2026.

Few companies have experienced a more dramatic shift than Anheuser-Busch. Three years after partnering with transgender influencer Dylan Mulvaney, the company is promoting “Patriotic Packs” that support military and first responder families through donations to Folds of Honor. 

The pullback extends beyond marketing campaigns. 

Mastercard, Nissan, Deloitte, PepsiCo, and other Fortune 500 companies have withdrawn sponsorships for Pride events around the country, leaving organizers sounding the alarm. NYC Pride told Gothamist it was more than $500,000 short of its fundraising goal despite already lowering that target by $1.1 million compared to 2024.

“Can you imagine the very first, the best, the biggest Pride in the world — the queen of all Prides — doesn’t have enough funding?” NYC Pride’s Director Im Lynde said. 

Other companies, however, have maintained their Pride Month commitments.

Apple, Google, the NFL, the MLB, and even Sesame Street continue to celebrate Pride Month despite the changing political environment. Their social media accounts remain largely indistinguishable from the Biden era, with Pride-themed posts and messaging still front and center.

Happy #PrideMonth from Sesame Street! Join us in celebrating and uplifting the LGBTQIA+ members of our community. ❤️???????????????????? pic.twitter.com/kO9TAhnqDE

— Sesame Street (@sesamestreet) June 1, 2026

As corporate America undergoes a broader pride pivot, the companies that continue to loudly celebrate Pride Month stand out more than they did just a few years ago.

The diverging strategies highlight how much the corporate landscape has changed. During the Biden years, Pride campaigns were nearly ubiquitous across major brands. Today, some companies continue to embrace them, while others have scaled back. Whether due to shifting consumer preferences or political pressure, Pride Month no longer appears to command the same near-universal participation it once did across corporate America.