Iron Mountain Inc. (IRM) Financials
Key financial figures for Iron Mountain Inc. (Q3 2026).
Iron Mountain posted record Q3 revenue of $1,990.6 million (+13.5% reported, +12.8% organic), Adjusted EBITDA of $748.0 million and AFFO of $1.53 per share (+15.9%), and raised full-year 2026 guidance. Total revenues were $1,990.6 million, up 13.5% reported and 13.3% in constant currency (12.8% organic): storage rental $1,149.5 million (+11.3%) and service $841.1 million (+16.6%). Adjusted EBITDA was $748.0 million (+13.3%), a 37.6% margin, flat year over year and up from 35.8% in Q2 2026; net income was $128.9 million versus $86.2 million, reported diluted EPS was $0.41 versus $0.28, and Adjusted EPS was $0.64 versus $0.54. AFFO was $458.4 million (+16.6%) and AFFO per share was $1.53 versus $1.32; FFO (Normalized) per share was $1.05 versus $0.93. On the outlook: Q4 2026: total revenue ~$2,030 million, Adjusted EBITDA ~$780 million, AFFO ~$473 million, AFFO per share ~$1.57. Full year 2026: total revenue $7,950-$8,020 million (~16% growth at midpoint), Adjusted EBITDA $2,948-$2,978 million (~15%), AFFO $1,780-$1,800 million (~16%), AFFO per share $5.94-$6.00 (~15%). The release says full-year guidance was raised; it does not print the prior ranges. Figures are for Q3 2026, as Iron Mountain Incorporated reported them.
- Revenue
- $2.0B
- Net Income
- $124M
- EPS
- $0.42
- Total Assets
- $22.3B
- Operating Cash Flow
- $316M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $2.0B | $124M | $0.41 | 20.63% | -$302M |
| Q2 FY2026 | $2.0B | $101M | $0.34 | 18.41% | -$36M |
| Q1 FY2026 | $1.9B | $144M | $0.48 | 20.41% | -$183M |
| Q4 FY2025 | $1.8B | $89M | $0.30 | 18.5% | -$16M |
| Q3 FY2025 | $1.8B | $84M | $0.28 | 17.59% | -$246M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $6.9B | $145M | $0.49 | 20.36% | -$932M |
| FY2024 | $6.1B | $180M | $0.61 | 16.42% | -$657M |
| FY2023 | $5.5B | $184M | $0.63 | 16.82% | -$232M |
Frequently asked questions
What was Iron Mountain Incorporated's revenue last quarter?
Iron Mountain Incorporated reported revenue of $1.99 billion for Q3 FY2026, up 13.5% from the same period a year earlier.
Is Iron Mountain Incorporated profitable?
Yes. Iron Mountain Incorporated reported net income of $124.1 million for Q3 FY2026, a net margin of 6.24% on revenue.
How has Iron Mountain Incorporated's margin trended?
Operating margin was 20.63% in Q3 FY2026, compared with 17.59% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Iron Mountain Incorporated generate?
Iron Mountain Incorporated generated free cash flow of -$302.2 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Iron Mountain Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.