Iron Mountain IRM
NYSE IRM
$115.12 +2.20 (+1.95%)
At close: Sep 11, 2026 · 4:00 PM EDT

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

Iron Mountain's (IRM) quarterly Operating Expenses came in at $1.7 billion in Q2 2026, up 14.01% year-over-year from $1.5 billion in Q2 2025, and up 7.44% quarter-over-quarter from $1.5 billion in Q1 2026.

Analysis

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

Iron Mountain has disclosed Operating Expenses across 18 years of filings, most recently posting $1.7 billion for Q2 2026.

  • In Q2 2026, Operating Expenses rose 14.01% year-over-year to $1.7 billion; the TTM figure through Jun 2026 stood at $6.1 billion (up 13.88% YoY), while the FY2025 annual figure was $5.7 billion, up 11.62% from the prior year.
  • Operating Expenses came in at $1.7 billion for Q2 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 $1.7 billion in Q2 2026 to a low of $995.8 million in Q2 2022.
  • Average Operating Expenses over 5 years is $1.3 billion, with a median of $1.3 billion recorded in 2024.
  • Year-over-year, Operating Expenses climbed 22.35% in 2022 and advanced 4.66% in 2023.
  • Over 5 years, 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 10.21% to $1.7 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $1.7 billion in Q2 2026, $1.5 billion in Q1 2026, and $1.5 billion in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Cintas 80.63 Bn 80.34 Bn 1.48 Bn 792.12 Mn
2 Iron Mountain 34.27 Bn 34.39 Bn 1.07 Bn 1.66 Bn
3 Rollins 16.72 Bn 16.61 Bn 569.95 Mn 877.22 Mn
4 APi 16.37 Bn 15.51 Bn 703.00 Mn 528.00 Mn
5 Aramark 15.43 Bn 15.00 Bn 430.34 Mn 4.84 Bn
6 FirstService 6.30 Bn 6.63 Bn 480.66 Mn 359.42 Mn
7 Unifirst 4.96 Bn 4.79 Bn 234.73 Mn 611.37 Mn
8 Geo 4.16 Bn 3.91 Bn - 530.70 Mn
9 CoreCivic 3.45 Bn 3.34 Bn - 615.92 Mn
10 Abm Industries 2.90 Bn 2.79 Bn 286.10 Mn 179.10 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 1.66 Bn
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