Iron Mountain (IRM) Operating Expenses (2009 - 2026)
Iron Mountain's (IRM) quarterly Operating Expenses came in at $1.7 billion in Q2 2026, up 14.01% year-over-year from $1.5 billion in Q2 2025, and up 7.44% quarter-over-quarter from $1.5 billion in Q1 2026.
Analysis
Iron Mountain (IRM) Operating Expenses (2009 - 2026) Analysis & Trends
Iron Mountain has disclosed Operating Expenses across 18 years of filings, most recently posting $1.7 billion for Q2 2026.
- In Q2 2026, Operating Expenses rose 14.01% year-over-year to $1.7 billion; the TTM figure through Jun 2026 stood at $6.1 billion (up 13.88% YoY), while the FY2025 annual figure was $5.7 billion, up 11.62% from the prior year.
- Operating Expenses came in at $1.7 billion for Q2 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 $1.7 billion in Q2 2026 to a low of $995.8 million in Q2 2022.
- Average Operating Expenses over 5 years is $1.3 billion, with a median of $1.3 billion recorded in 2024.
- Year-over-year, Operating Expenses climbed 22.35% in 2022 and advanced 4.66% in 2023.
- Over 5 years, 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 10.21% to $1.7 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.7 billion in Q2 2026, $1.5 billion in Q1 2026, and $1.5 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 80.63 Bn | 80.34 Bn | 1.48 Bn | 792.12 Mn |
| 2 | Iron Mountain | 34.27 Bn | 34.39 Bn | 1.07 Bn | 1.66 Bn |
| 3 | Rollins | 16.72 Bn | 16.61 Bn | 569.95 Mn | 877.22 Mn |
| 4 | APi | 16.37 Bn | 15.51 Bn | 703.00 Mn | 528.00 Mn |
| 5 | Aramark | 15.43 Bn | 15.00 Bn | 430.34 Mn | 4.84 Bn |
| 6 | FirstService | 6.30 Bn | 6.63 Bn | 480.66 Mn | 359.42 Mn |
| 7 | Unifirst | 4.96 Bn | 4.79 Bn | 234.73 Mn | 611.37 Mn |
| 8 | Geo | 4.16 Bn | 3.91 Bn | - | 530.70 Mn |
| 9 | CoreCivic | 3.45 Bn | 3.34 Bn | - | 615.92 Mn |
| 10 | Abm Industries | 2.90 Bn | 2.79 Bn | 286.10 Mn | 179.10 Mn |
Historic Data
Download Data
Historic 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 |