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| Date | Value |
|---|---|
| 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 |