The results of master athletes have been used previously to examine the age-related differences in aerobic capacity, however, less research has been conducted on the variation of jumping and throwing performances with aging. Therefore, the aim of the present study of elite master athletes was to investigate (a) the age-related differences in throwing (i.e., discus, hammer, javelin, and shot put) and jumping events (i.e., high jump, long jump, pole vault, and triple jump) in 5-year age-group intervals from 35–39 to 95–99 years of elite master athletes, and (b) the trends in performance and sex differences. The top eight female and male finalists for each age group and in each event from 20 European Masters Athletics Championships held between 1978 and 2017 were considered. Overall, 13,673 observations from 4726 master athletes were analyzed. For each event separately, a mixed regression model was performed with sex, age group, calendar year, and interaction terms (sex-age group, sex-year) defined as fixed effects. Performances were improving over time with a linear trend overall for each event. Men had better performances as compared to women, (i.e., in triple jump the estimated difference was 2.58 m, p < 0.001). Performances declined with age for each event (i.e., in triple jump, compared with the age group 45–49 years, performance in the age group 35–39 years was 0.98 m better and performance in the age group 85–89 years was 6.24 m worse). The decline of male performances with age was either slower or faster than the decline of female performances depending on age groups and events.