Iron Mountain Inc. (IRM) Financials
Key financial figures for Iron Mountain Inc. (Q2 2026).
Iron Mountain posts record Q2 2026 with $2.03B revenue, up 18.5% year over year, and raises full-year guidance. Total revenue reached $2,029.1 million in Q2 2026, up 18.5% year over year, with organic storage rental revenue growth of 11.5% and organic services revenue growth of 26.3%. Reported diluted EPS was $0.34 and Adjusted EPS was $0.60, both down from Q1 2026's $0.48 and $0.60 respectively, while GAAP operating income was $373.5 million. AFFO per share was $1.44, up from $1.43 in Q1 2026 and $1.24 in Q2 2025. Adjusted EBITDA was $727.0 million for the quarter. On the outlook: Raised full-year 2026 guidance: total revenue of $7.94-$8.01 billion (~16% Y/Y growth at midpoint), Adjusted EBITDA of $2.945-$2.975 billion (~15% Y/Y growth at midpoint), and AFFO per share of $5.87-$5.93 (~14% Y/Y growth at midpoint). Figures are for Q2 2026, as Iron Mountain Incorporated reported them.
- Revenue
- $2.0B
- Net Income
- $106M
- EPS
- $0.34
- Total Assets
- $22.0B
- Operating Cash Flow
- $549M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| 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 |
| Q2 FY2025 | $1.7B | -$45M | -$0.15 | 15.18% | -$183M |
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 $2.03 billion for Q2 FY2026, up 18.5% from the same period a year earlier.
Is Iron Mountain Incorporated profitable?
Yes. Iron Mountain Incorporated reported net income of $101.4 million for Q2 FY2026, a net margin of 5% on revenue.
How has Iron Mountain Incorporated's margin trended?
Operating margin was 18.41% in Q2 FY2026, compared with 15.18% 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 -$35.7 million in Q2 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.