Iron Mountain (IRM) Operating Expenses (2009 - 2026)
Iron Mountain (IRM) posted Operating Expenses of $1.5 billion for Q1 2026, up 2.58% sequentially from $1.5 billion in Q4 2025, and up 15.15% YoY from $1.3 billion in Q1 2025.
Iron Mountain (IRM) Operating Expenses (2009 - 2026) Analysis & Trends
Iron Mountain has reported Operating Expenses for 18 years, with the latest figure at $1.5 billion in Q1 2026.
- Quarterly Operating Expenses rose 15.15% year-over-year to $1.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $5.9 billion (up 13.21% YoY) and the FY2025 annual result came in at $5.7 billion, up 11.62% from the prior year.
- Operating Expenses rose to $1.5 billion in Q1 2026 per IRM's latest filing, from $1.5 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.5 billion in Q1 2026 and troughed at $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.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses grew 22.35% in 2022, then climbed 4.66% in 2023.
- Over 5 years, Operating Expenses stood at $1.0 billion in 2022, then advanced 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, then advanced by 2.58% to $1.5 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.5 billion, $1.5 billion, and $1.4 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 106.74 Bn | 104.52 Bn | 1.40 Bn | 1.96 Bn |
| 2 | American Tower | 82.05 Bn | 80.29 Bn | 2.72 Bn | 1.48 Bn |
| 3 | Digital Realty Trust | 68.79 Bn | 66.93 Bn | - | 1.46 Bn |
| 4 | Iron Mountain | 36.65 Bn | 36.44 Bn | 1.07 Bn | 1.66 Bn |
| 5 | Crown Castle | 32.67 Bn | 31.63 Bn | 989.00 Mn | 538.00 Mn |
| 6 | Sba Communications | 19.18 Bn | 19.18 Bn | 539.27 Mn | 363.41 Mn |
| 7 | Weyerhaeuser | 17.80 Bn | 17.27 Bn | 311.00 Mn | 116.00 Mn |
| 8 | Lamar Advertising | 15.33 Bn | 15.26 Bn | 422.53 Mn | 408.79 Mn |
| 9 | Gaming & Leisure Properties | 12.49 Bn | 12.49 Bn | - | 98.13 Mn |
| 10 | Rayonier | 6.43 Bn | 6.01 Bn | 75.67 Mn | 361.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |