Filing Flows › Iron Mountain (IRM) › Q3 2026
Iron Mountain (IRM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Iron Mountain (IRM) reported revenue of $2.0B for the third quarter 2026 (Q3 2026), +13% from a year earlier and -2% from the quarter before. Operating margin was 20.6%, net earnings $124M (6.2% of revenue).
Iron Mountain, Q3 2026: revenue $2.0B (+14% year over year), operating margin 20.6%, net earnings $124M, operating cash flow $316M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -2% | +13% |
| Operating profit | $411M | +10% | +33% |
| Net earnings | $124M | +22% | +47% |
| Operating cash flow | $316M | -43% | +18% |
What changed
Revenue was $2.0B in Q3 2026, up 13% year over year and down 2% from the previous quarter. Records Management was the largest line at 60% of revenue. Records Management added $0.10B year over year (up 9%), 41% of the total change. Data Management declined 9%.
Operating profit was $0.41B, a 20.6% margin (up 3.0 points year over year). Of the extra revenue versus Q3 2025, 43% reached operating profit, above the 18% margin then. Total costs grew 9% against revenue growth of 13%. The fastest-growing cost line was Cost of revenue (+17%). Net earnings were $0.12B, up 47% year over year. The effective tax rate was 30.6%.
Operating cash flow was $0.32B (up 18% year over year), 245% of net income including minority interests. Non-cash charges added back $0.29B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.14B. Capital expenditures of $0.62B exceeded it, leaving free cash flow of −$0.30B.
Questions
What was Iron Mountain's revenue in the third quarter 2026?
Iron Mountain (IRM) reported revenue of $2.0B for the third quarter 2026 (Q3 2026), +13% from a year earlier and -2% from the quarter before.
Was Iron Mountain profitable in the third quarter 2026?
Operating profit was $411M (20.6% of revenue) and net earnings $124M.
Source: Iron Mountain 10-Q on SEC EDGAR.