Filing Flows › Iron Mountain (IRM) › Q3 2026 › vs Q3 2025
Iron Mountain (IRM) Q3 2026 vs Q3 2025 (year over year)
Iron Mountain's revenue rose $237M (+13%) from $1.8B in Q3 2025 to $2.0B in Q3 2026. The biggest changes: Records Management +$97.6M (+9%); Information Destruction +$81.8M (+26%); Data Center +$69.5M (+34%). Operating margin 20.6% against 17.6% (+3.0 pts).
Iron Mountain, Q3 2026: revenue $2.0B (+14% year over year), operating margin 20.6%, net earnings $124M, operating cash flow $316M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 20.6% | 17.6% | +3.0 pts |
| Net margin | 6.2% | 4.8% | +1.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Records Management | $1.2B | $1.1B | $97.6M | +9% |
| Information Destruction | $395M | $313M | $81.8M | +26% |
| Data Center | $274M | $204M | $69.5M | +34% |
| Data Management | $122M | $134M | −$12.4M | -9% |
| Revenue | $2.0B | $1.8B | $237M | +13% |
| Operating profit | $411M | $309M | $102M | +33% |
| Costs & expenses | $1.6B | $1.4B | $135M | +9% |
| Pre-tax earnings | $186M | $103M | $82.8M | +80% |
| Other expense, net | $225M | $206M | $19.2M | +9% |
| Cost of revenue | $927M | $792M | $135M | +17% |
| SG&A | $349M | $335M | $13.5M | +4% |
| Other operating costs | $305M | $318M | −$13.7M | -4% |
| Net earnings | $124M | $84.3M | $39.9M | +47% |
| Minority interests | $4.7M | $2.0M | $2.8M | +143% |
| Income tax | $56.7M | $16.6M | $40.1M | +242% |
| Operating cash sources | $447M | $379M | $68.2M | +18% |
| Depreciation & amortization | $292M | $262M | $29.6M | +11% |
| Share-based compensation | $30.9M | $32.1M | −$1.3M | -4% |
| Working capital & other | $131M | $111M | $19.9M | +18% |
| Operating cash flow | $316M | $268M | $48.2M | +18% |
| Capital expenditures | $618M | $524M | $94.1M | +18% |
| Negative free cash flow (OCF − capex) | $302M | $256M | $45.9M | +18% |
Questions
How much did Iron Mountain's revenue grow year over year in Q3 2026?
Iron Mountain's revenue rose $237M (+13%) from $1.8B in Q3 2025 to $2.0B in Q3 2026.
What drove Iron Mountain's revenue change in Q3 2026?
Records Management +$97.6M (+9%); Information Destruction +$81.8M (+26%); Data Center +$69.5M (+34%).