Sunday 1 November 2026 Export IRM’s income statement to Excel — free account

Iron Mountain Incorporated

Iron Mountain Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $6.9 billion, up 12.2% from fiscal 2024.

Revenue: +18.5%
EPS: +326.7%
Free cash flow: +58.6%
Total debt: +11.2%

Quarter to June 2026, against a year earlier

116.55 1.83 −1.55%

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Market cap: $35.2B
P/E: 83.2×
Fwd P/E: 63.1×
Dividend yield: 2.97%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Filings

Iron Mountain Incorporated (IRM) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
GLOBAL RIM BUSINESS	5,291	76.67%
CORPORATE AND OTHER	807	11.69%
GLOBAL DATA CENTER BUSINESS	803	11.64%
Gross margin		55.38%
Operating margin		16.86%
Pre-tax margin		3.06%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2017	FY2016
Storage rental	4,053 58.72%	3,682 59.88%	3,371 61.50%	3,034 59.45%	2,870 63.90%	2,754 66.41%	2,378 61.83%	2,143 61.03%
Service	2,849 41.28%	2,468 40.12%	2,110 38.50%	2,070 40.55%	1,621 36.10%	1,393 33.59%	1,468 38.17%	1,369 38.97%
Also reported: a second breakdown of the same revenue
Records Management	4,383 63.51%	4,061 66.04%	3,772 68.82%	3,425 67.11%	3,200 71.25%	2,954 71.23%	2,848 74.05%	2,632 74.95%
Information Destruction	1,210 17.54%	953 15.50%	693 12.65%	767 15.03%	435 9.69%	359 8.65%	386 10.04%	330 9.40%
Data Center	803 11.64%	620 10.08%	495 9.03%	401 7.86%	327 7.28%	279 6.73%	38 0.98%	24 0.69%
Data Management	505 7.31%	515 8.38%	520 9.49%	510 10.00%	529 11.79%	555 13.38%	574 14.93%	525 14.95%
Revenue	6,902	6,150	5,480	5,104	4,492	4,147	3,846	3,511

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
GLOBAL RIM BUSINESS	5,291 76.67%	4,979 80.97%	4,662 85.06%	4,295 84.16%	3,995 88.94%	3,749 90.39%	1,492 94.36%	1,541 96.13%	3,706 96.37%	—
CORPORATE AND OTHER	807 11.69%	550 8.95%	323 5.90%	407 7.98%	170 3.78%	119 2.88%	79 4.99%	52 3.23%	102 2.65%	57 1.62%
GLOBAL DATA CENTER BUSINESS	803 11.64%	620 10.08%	495 9.03%	401 7.86%	327 7.28%	279 6.73%	10 0.65%	10 0.64%	38 0.98%	24 0.69%
North American Records And Information Management Business	—	—	—	—	—	—	—	—	—	1,931 54.98%
Other International Business	—	—	—	—	—	—	—	—	—	659 18.78%
Western European Business	—	—	—	—	—	—	—	—	—	447 12.74%
North American Data Management Business	—	—	—	—	—	—	—	—	—	393 11.19%
TOTAL REPORTABLE SEGMENTS	6,095	5,599	5,157	4,696	—	—	—	—	—	—
Revenue	6,902	6,150	5,480	5,104	4,492	4,147	1,581	1,603	3,846	3,511

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2017	FY2016
United States	4,573 66.27%	4,008 65.18%	3,507 64.00%	3,263 63.93%	2,713 60.41%	2,577 62.14%	2,310 60.08%	2,174 61.91%
Remaining Countries	1,553 22.51%	1,412 22.96%	1,300 23.72%	1,237 24.25%	1,083 24.11%	964 23.24%	888 23.09%	722 20.55%
United Kingdom	473 6.85%	426 6.93%	394 7.19%	333 6.52%	295 6.56%	248 5.97%	246 6.41%	237 6.75%
Canada	302 4.38%	303 4.93%	279 5.10%	271 5.31%	252 5.62%	225 5.42%	244 6.34%	231 6.58%
Australia	—	—	—	—	148 3.30%	134 3.23%	157 4.09%	148 4.22%
Revenue	6,902	6,150	5,480	5,104	4,492	4,147	3,846	3,511

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
AFFO a share	Q2 FY2026	$1.44	$1.24	+16.13%
Data Center: Leased megawatts	Q2 FY2026	13.00	—	—
FFO a share	Q2 FY2026	$0.76	$0.21	+261.90%
Remaining performance obligations	Q2 FY2026	$252,000.00	—	—

	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
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Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.