Iron Mountain (IRM) Operating Margin (2009 - 2026)

Iron Mountain has disclosed Operating Margin across 18 years of filings, most recently posting 18.41% for Q2 2026.

• In Q2 2026, Operating Margin rose 323.0% year-over-year to 18.41%; the TTM figure through Jun 2026 stood at 18.76% (up 249.0% YoY), while the FY2025 annual figure was 16.86%, up 45.0% from the prior year.
• Operating Margin came in at 18.41% for Q2 2026 at Iron Mountain, down from 20.41% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 22.78% in Q2 2022 to a low of 15.01% in Q2 2024.
• Average Operating Margin over 5 years is 17.85%, with a median of 17.7% recorded in 2025.
• Year-over-year, Operating Margin jumped 615 bps in 2022 and sank 713 bps in 2023.
• Over 5 years, Operating Margin stood at 19.4% in 2022, then retreated by 16 bps to 16.25% in 2023, then climbed by 10 bps to 17.86% in 2024, then grew by 4 bps to 18.5% in 2025, then fell by 1 bps to 18.41% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 18.41% in Q2 2026, 20.41% in Q1 2026, and 18.5% in Q4 2025.