Filing Flows › Iron Mountain (IRM) › Q2 2026
Iron Mountain (IRM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Iron Mountain (IRM) reported revenue of $2.0B for the second quarter 2026 (Q2 2026), +19% from a year earlier and +5% from the quarter before. Operating margin was 18.4%, net earnings $101M (5.0% of revenue).
Iron Mountain, Q2 2026: revenue $2.0B (+18% year over year), operating margin 18.4%, net earnings $101M, operating cash flow $549M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +5% | +19% |
| Operating profit | $374M | -5% | +44% |
| Net earnings | $101M | -29% | — |
| Operating cash flow | $549M | +62% | +46% |
What changed
Revenue was $2.0B in Q2 2026, up 19% year over year and up 5% from the previous quarter. Records Management was the largest line at 59% of revenue. Information Destruction added $0.15B year over year (up 50%), 47% of the total change. Data Management declined 1%.
Operating profit was $0.37B, a 18.4% margin (up 3.2 points year over year). Of the extra revenue versus Q2 2025, 36% reached operating profit, above the 15% margin then. Total costs grew 14% against revenue growth of 19%. The fastest-growing cost line was Cost of revenue (+27%). Net earnings were $0.10B. The effective tax rate was 12.2%.
Operating cash flow was $0.55B (up 46% year over year), 518% of net income including minority interests. Non-cash charges added back $0.28B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $0.10B. Capital expenditures of $0.59B exceeded it, leaving free cash flow of −$0.04B.
Questions
What was Iron Mountain's revenue in the second quarter 2026?
Iron Mountain (IRM) reported revenue of $2.0B for the second quarter 2026 (Q2 2026), +19% from a year earlier and +5% from the quarter before.
Was Iron Mountain profitable in the second quarter 2026?
Operating profit was $374M (18.4% of revenue) and net earnings $101M.
Source: Iron Mountain 10-Q on SEC EDGAR.