The totals helped the president exceed his fundraising haul in April, when his campaign and his party raised $43.6 million. That was slightly more than his presumed challenger in the November election, Mitt Romney, and the Republican Party, which raised about $40 million during the month.
Romney has not yet released fundraising totals for May.
Obama and the Democratic National Committee and other state-focused funds have brought in about $450 million during the 2012 election.
The president's campaign staff said on Twitter that more than 572,000 people donated in May, bringing their total to 2.2 million donors for his re-election.
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