Iron Mountain (IRM) Operating Expenses (2009 - 2026)

Iron Mountain's (IRM) quarterly Operating Expenses came in at $1.5 billion in Q1 2026, up 15.15% year-on-year from $1.3 billion in Q1 2025, and up 2.58% quarter-over-quarter from $1.5 billion in Q4 2025.

Iron Mountain (IRM) Operating Expenses (2009 - 2026) Analysis & Trends

Iron Mountain has disclosed Operating Expenses across 18 years of filings, most recently posting $1.5 billion for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $1.5 billion, up 15.15% year-over-year; the trailing twelve-month figure through Mar 2026 was $5.9 billion (up 13.21% YoY), and the FY2025 annual result was $5.7 billion, up 11.62% from the prior year.
  • Operating Expenses came in at $1.5 billion for Q1 2026 at Iron Mountain, up from $1.5 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.5 billion in Q1 2026 to a low of $995.8 million in Q2 2022.
  • The 5-year median for Operating Expenses is $1.2 billion (2024), against an average of $1.2 billion.
  • Across the five-year window, Operating Expenses advanced 22.35% in 2022 and gained 4.66% in 2023, its largest moves.
  • Iron Mountain's Operating Expenses stood at $1.0 billion in 2022, then rose by 15.35% to $1.2 billion in 2023, then grew by 9.23% to $1.3 billion in 2024, then grew by 15.65% to $1.5 billion in 2025, then rose by 2.58% to $1.5 billion in 2026.
  • The last three Operating Expenses figures came in at $1.5 billion (Q1 2026), $1.5 billion (Q4 2025), and $1.4 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Equinix 104.53 Bn 101.50 Bn 2.20 Bn 1.87 Bn
2 American Tower 86.20 Bn 92.70 Bn 2.70 Bn 1.50 Bn
3 Digital Realty Trust 63.76 Bn 62.92 Bn - 1.37 Bn
4 Crown Castle 38.57 Bn 38.52 Bn 984.00 Mn 545.00 Mn
5 Iron Mountain 37.41 Bn 37.43 Bn 1.05 Bn 1.54 Bn
6 Sba Communications 20.70 Bn 20.79 Bn 532.10 Mn 128.53 Mn
7 Weyerhaeuser 17.74 Bn 17.44 Bn 318.00 Mn 120.00 Mn
8 Lamar Advertising 15.68 Bn 15.63 Bn 403.56 Mn 399.87 Mn
9 Gaming & Leisure Properties 13.22 Bn 13.62 Bn - 86.64 Mn
10 OUTFRONT Media 5.51 Bn 5.47 Bn 202.10 Mn 373.70 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.54 Bn
Dec 31, 2025 1.50 Bn
Sep 30, 2025 1.45 Bn
Jun 30, 2025 1.45 Bn
Mar 31, 2025 1.34 Bn
Dec 31, 2024 1.30 Bn
Sep 30, 2024 1.31 Bn
Jun 30, 2024 1.30 Bn
Mar 31, 2024 1.23 Bn
Dec 31, 2023 1.19 Bn
Sep 30, 2023 1.15 Bn
Jun 30, 2023 1.15 Bn
Mar 31, 2023 1.07 Bn
Dec 31, 2022 1.03 Bn
Sep 30, 2022 1.00 Bn
Jun 30, 2022 995.75 Mn
Mar 31, 2022 1.03 Bn
Dec 31, 2021 963.19 Mn
Sep 30, 2021 948.71 Mn
Jun 30, 2021 813.83 Mn