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

Iron Mountain (IRM) reported Operating Expenses of $1.5 billion for Q1 2026, up 15.15% on a YoY basis from $1.3 billion in Q1 2025, and up 2.58% sequentially from $1.5 billion in Q4 2025.

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

Iron Mountain (IRM) has 18 years of Operating Expenses data on file, last reported at $1.5 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 15.15% year-over-year to $1.5 billion; the trailing twelve-month figure through Mar 2026 stood at $5.9 billion (up 13.21% YoY), and the FY2025 full-year result was $5.7 billion, up 11.62% from the prior year.
  • Operating Expenses rose to $1.5 billion in Q1 2026, 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 advanced 22.35% in 2022 and gained 4.66% in 2023, its largest moves.
  • Tracing IRM's Operating Expenses over 5 years: stood at $1.0 billion in 2022, then increased by 15.35% to $1.2 billion in 2023, then climbed by 9.23% to $1.3 billion in 2024, then climbed by 15.65% to $1.5 billion in 2025, then increased by 2.58% to $1.5 billion in 2026.
  • Business Quant data shows IRM's Operating Expenses at $1.5 billion in Q1 2026, $1.5 billion in Q4 2025, and $1.4 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Equinix 102.00 Bn 98.94 Bn 1.26 Bn 1.87 Bn
2 American Tower 76.76 Bn 83.27 Bn 2.70 Bn 1.50 Bn
3 Digital Realty Trust 61.91 Bn 61.08 Bn - 1.37 Bn
4 Iron Mountain 37.06 Bn 37.09 Bn 1.05 Bn 1.54 Bn
5 Crown Castle 32.50 Bn 32.44 Bn 23.00 Mn 545.00 Mn
6 Sba Communications 18.50 Bn 18.59 Bn 532.10 Mn 360.59 Mn
7 Weyerhaeuser 17.05 Bn 16.75 Bn 318.00 Mn 120.00 Mn
8 Lamar Advertising 15.99 Bn 15.96 Bn 344.69 Mn 381.94 Mn
9 Gaming & Leisure Properties 12.58 Bn 12.98 Bn - 86.64 Mn
10 Rayonier 6.43 Bn 5.79 Bn 46.45 Mn 322.44 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