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

Iron Mountain's Operating Expenses history spans 17 years, with the latest figure at $1.5 billion for Q4 2025.

  • For Q4 2025, Operating Expenses rose 15.65% year-over-year to $1.5 billion; the TTM value through Dec 2025 reached $5.7 billion, up 11.62%, while the annual FY2025 figure was $5.7 billion, 11.62% up from the prior year.
  • Operating Expenses for Q4 2025 was $1.5 billion at Iron Mountain, up from $1.4 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.5 billion in Q4 2025 and bottomed at $813.8 million in Q2 2021.
  • The 5-year median for Operating Expenses is $1.1 billion (2023), against an average of $1.2 billion.
  • The largest YoY upside for Operating Expenses was 51.84% in 2021 against a maximum downside of 4.31% in 2021.
  • A 5-year view of Operating Expenses shows it stood at $963.2 million in 2021, then increased by 7.03% to $1.0 billion in 2022, then grew 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.
  • Per Business Quant, the three most recent readings for IRM's Operating Expenses are $1.5 billion (Q4 2025), $1.4 billion (Q3 2025), and $1.5 billion (Q2 2025).