Iron Mountain (IRM) Operating Expenses (2016 - 2025)

Iron Mountain (IRM) has disclosed Operating Expenses for 17 consecutive years, with $1.5 billion as the latest value for Q4 2025.

Quarterly Operating Expenses rose 15.65% to $1.5 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $5.7 billion through Dec 2025, up 11.62% year-over-year, with the annual reading at $5.7 billion for FY2025, 11.62% up from the prior year.
Operating Expenses hit $1.5 billion in Q4 2025 for Iron Mountain, up from $1.4 billion in the prior quarter.
In the past five years, Operating Expenses ranged from a high of $1.5 billion in Q4 2025 to a low of $813.8 million in Q2 2021.
Historically, Operating Expenses has averaged $1.2 billion across 5 years, with a median of $1.1 billion in 2023.
Biggest YoY gain for Operating Expenses was 51.84% in 2021; the steepest drop was 4.31% in 2021.
Year by year, Operating Expenses stood at $963.2 million in 2021, then rose by 7.03% to $1.0 billion in 2022, then increased by 15.35% to $1.2 billion in 2023, then rose by 9.23% to $1.3 billion in 2024, then rose by 15.65% to $1.5 billion in 2025.
Business Quant data shows Operating Expenses for IRM at $1.5 billion in Q4 2025, $1.4 billion in Q3 2025, and $1.5 billion in Q2 2025.

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