Iron Mountain (IRM) Operating Leases (2019 - 2026)

Iron Mountain's Operating Leases history runs 8 years deep, the most recent figure standing at $2.3 billion for Q1 2026.

• In Q1 2026, Operating Leases rose 2.59% year-over-year to $2.3 billion; the TTM figure through Mar 2026 stood at $2.3 billion (up 2.59% YoY), while the FY2025 annual figure was $2.3 billion, down 1.47% from the prior year.
• Operating Leases came in at $2.3 billion for Q1 2026 at Iron Mountain, down from $2.3 billion in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $2.6 billion in Q4 2023 to a low of $2.2 billion in Q1 2022.
• A 5-year average of $2.4 billion and a median of $2.4 billion in 2022 frame the typical range for Operating Leases.
• Across the five-year window, Operating Leases rose 14.43% in 2023 and slipped 11.94% in 2025, its largest moves.
• Iron Mountain's Operating Leases stood at $2.4 billion in 2022, then rose by 5.48% to $2.6 billion in 2023, then fell by 8.88% to $2.3 billion in 2024, then slipped by 1.47% to $2.3 billion in 2025, then declined by 0.81% to $2.3 billion in 2026.
• According to Business Quant data, Operating Leases over the past three periods registered $2.3 billion, $2.3 billion, and $2.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

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