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

Iron Mountain's Operating Expenses history runs 18 years deep, the most recent figure standing at $1.5 billion for Q1 2026.

• In Q1 2026, Operating Expenses rose 15.15% year-over-year to $1.5 billion; the TTM figure through Mar 2026 stood at $5.9 billion (up 13.21% YoY), while the FY2025 annual figure 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.
• A 5-year average of $1.2 billion and a median of $1.2 billion in 2024 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses climbed 22.35% in 2022 and advanced 4.66% in 2023, its largest moves.
• Iron Mountain's Operating Expenses stood at $1.0 billion in 2022, then gained by 15.35% to $1.2 billion in 2023, then increased by 9.23% to $1.3 billion in 2024, then increased by 15.65% to $1.5 billion in 2025, then gained by 2.58% to $1.5 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $1.5 billion, $1.5 billion, and $1.4 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

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