Iron Mountain (IRM) Cost of Revenue (2009 - 2026)
Iron Mountain's (IRM) quarterly Cost of Revenue came in at $958.6 million in Q2 2026, up 27.0% year-over-year from $754.8 million in Q2 2025, and up 7.73% quarter-over-quarter from $889.8 million in Q1 2026.
Analysis
Iron Mountain (IRM) Cost of Revenue (2009 - 2026) Analysis & Trends
Iron Mountain has disclosed Cost of Revenue across 18 years of filings, most recently posting $958.6 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 27.0% year-over-year to $958.6 million; the TTM figure through Jun 2026 stood at $3.5 billion (up 22.26% YoY), while the FY2025 annual figure was $3.1 billion, up 14.2% from the prior year.
- Cost of Revenue came in at $958.6 million for Q2 2026 at Iron Mountain, up from $889.8 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $958.6 million in Q2 2026 to a low of $540.0 million in Q4 2022.
- Average Cost of Revenue over 5 years is $676.2 million, with a median of $664.6 million recorded in 2024.
- Year-over-year, Cost of Revenue gained 4.57% in 2023 and climbed 27.0% in 2026.
- Over 5 years, Cost of Revenue stood at $540.0 million in 2022, then gained by 11.36% to $601.3 million in 2023, then grew by 14.57% to $688.9 million in 2024, then climbed by 19.39% to $822.5 million in 2025, then increased by 16.55% to $958.6 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $958.6 million in Q2 2026, $889.8 million in Q1 2026, and $822.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 80.63 Bn | 80.34 Bn | 1.48 Bn | 1.42 Bn |
| 2 | Iron Mountain | 34.27 Bn | 34.39 Bn | 1.07 Bn | 958.61 Mn |
| 3 | Rollins | 16.72 Bn | 16.61 Bn | 569.95 Mn | 508.63 Mn |
| 4 | APi | 16.37 Bn | 15.51 Bn | 703.00 Mn | 1.55 Bn |
| 5 | Aramark | 15.43 Bn | 15.00 Bn | 430.34 Mn | 4.63 Bn |
| 6 | FirstService | 6.30 Bn | 6.63 Bn | 480.66 Mn | 968.59 Mn |
| 7 | Unifirst | 4.96 Bn | 4.79 Bn | 234.73 Mn | 399.68 Mn |
| 8 | Geo | 4.16 Bn | 3.91 Bn | - | - |
| 9 | CoreCivic | 3.45 Bn | 3.34 Bn | - | - |
| 10 | Abm Industries | 2.90 Bn | 2.79 Bn | 286.10 Mn | 2.03 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 958.61 Mn |
| Mar 31, 2026 | 889.80 Mn |
| Dec 31, 2025 | 822.50 Mn |
| Sep 30, 2025 | 791.94 Mn |
| Jun 30, 2025 | 754.84 Mn |
| Mar 31, 2025 | 710.20 Mn |
| Dec 31, 2024 | 688.93 Mn |
| Sep 30, 2024 | 678.39 Mn |
| Jun 30, 2024 | 675.97 Mn |
| Mar 31, 2024 | 653.26 Mn |
| Dec 31, 2023 | 601.33 Mn |
| Sep 30, 2023 | 592.20 Mn |
| Jun 30, 2023 | 592.64 Mn |
| Mar 31, 2023 | 571.63 Mn |
| Dec 31, 2022 | 539.98 Mn |
| Sep 30, 2022 | 546.04 Mn |
| Jun 30, 2022 | 556.48 Mn |
| Mar 31, 2022 | 546.62 Mn |
| Dec 31, 2021 | 479.08 Mn |
| Sep 30, 2021 | 481.66 Mn |