Iron Mountain annual operating margin
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2025
Iron Mountain Operating Margin Growth & History (IRM)
Iron Mountain's operating margin was 16.86% for fiscal 2025.
View full Iron Mountain company overviewIron Mountain annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 16.86% | +0.45 pp |
| 2024 | 2024-12-31 | 16.42% | −0.40 pp |
| 2023 | 2023-12-31 | 16.82% | −3.75 pp |
| 2022 | 2022-12-31 | 20.57% | +1.55 pp |
| 2021 | 2021-12-31 | 19.02% | −3.52 pp |
| 2020 | 2020-12-31 | 22.54% | −26.87 pp |
| 2019 | 2019-12-31 | 49.40% | −1.01 pp |
| 2018 | 2018-12-31 | 50.41% | +33.92 pp |
| 2017 | 2017-12-31 | 16.49% | +2.20 pp |
| 2016 | 2016-12-31 | 14.28% | −3.15 pp |
| 2015 | 2015-12-31 | 17.44% | −0.18 pp |
| 2014 | 2014-12-31 | 17.62% | +1.44 pp |
| 2013 | 2013-12-31 | 16.18% | −2.32 pp |
| 2012 | 2012-12-31 | 18.49% | −0.46 pp |
| 2011 | 2011-12-31 | 18.95% | +0.02 pp |
| 2010 | 2010-12-31 | 18.93% | −0.72 pp |
| 2009 | 2009-12-31 | 19.65% | +3.53 pp |
| 2008 | 2008-12-31 | 16.12% | — |
Iron Mountain quarterly operating margin
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Q1.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 18.41% | +3.23 pp |
| Q1 2026 | 2026-03-31 | 20.41% | +4.45 pp |
| Q4 2025 | 2025-12-31 | 18.50% | +0.64 pp |
| Q3 2025 | 2025-09-30 | 17.59% | +1.46 pp |
| Q2 2025 | 2025-06-30 | 15.18% | +0.17 pp |
| Q1 2025 | 2025-03-31 | 15.97% | −0.66 pp |
| Q4 2024 | 2024-12-31 | 17.86% | +1.61 pp |
| Q3 2024 | 2024-09-30 | 16.13% | −1.01 pp |
| Q2 2024 | 2024-06-30 | 15.01% | −0.64 pp |
| Q1 2024 | 2024-03-31 | 16.63% | −1.68 pp |
| Q4 2023 | 2023-12-31 | 16.25% | −3.15 pp |
| Q3 2023 | 2023-09-30 | 17.13% | −5.07 pp |
| Q2 2023 | 2023-06-30 | 15.65% | −7.13 pp |
| Q1 2023 | 2023-03-31 | 18.31% | +0.51 pp |
| Q4 2022 | 2022-12-31 | 19.40% | +13.46 pp |
| Q3 2022 | 2022-09-30 | 22.20% | −21.88 pp |
| Q2 2022 | 2022-06-30 | 22.78% | −53.42 pp |
| Q1 2022 | 2022-03-31 | 17.80% | −27.77 pp |
| Q4 2021 | 2021-12-31 | 5.94% | −7.70 pp |
| Q3 2021 | 2021-09-30 | 44.09% | −26.50 pp |
| Q2 2021 | 2021-06-30 | 76.20% | +33.05 pp |
| Q1 2021 | 2021-03-31 | 45.57% | +9.87 pp |
| Q4 2020 | 2020-12-31 | 13.65% | −5.44 pp |
| Q3 2020 | 2020-09-30 | 70.59% | +13.13 pp |
| Q2 2020 | 2020-06-30 | 43.15% | −5.42 pp |
| Q1 2020 | 2020-03-31 | 35.70% | +20.64 pp |
| Q4 2019 | 2019-12-31 | 19.09% | −4.85 pp |
| Q3 2019 | 2019-09-30 | 57.46% | +39.02 pp |
| Q2 2019 | 2019-06-30 | 48.57% | +29.58 pp |
| Q1 2019 | 2019-03-31 | 15.06% | −0.02 pp |
| Q4 2018 | 2018-12-31 | 23.93% | +8.36 pp |
| Q3 2018 | 2018-09-30 | 18.44% | +0.13 pp |
| Q2 2018 | 2018-06-30 | 18.99% | +1.07 pp |
| Q1 2018 | 2018-03-31 | 15.07% | −0.67 pp |
| Q4 2017 | 2017-12-31 | 15.58% | +0.65 pp |
| Q3 2017 | 2017-09-30 | 18.30% | +3.94 pp |
| Q2 2017 | 2017-06-30 | 17.92% | +6.99 pp |
| Q1 2017 | 2017-03-31 | 15.74% | −1.59 pp |
| Q4 2016 | 2016-12-31 | 14.93% | −1.45 pp |
| Q3 2016 | 2016-09-30 | 14.37% | −2.62 pp |
| Q2 2016 | 2016-06-30 | 10.93% | −6.11 pp |
| Q1 2016 | 2016-03-31 | 17.33% | −2.02 pp |
| Q4 2015 | 2015-12-31 | 16.38% | −0.06 pp |
| Q3 2015 | 2015-09-30 | 16.99% | −1.09 pp |
| Q2 2015 | 2015-06-30 | 17.05% | −1.67 pp |
| Q1 2015 | 2015-03-31 | 19.34% | +2.12 pp |
| Q4 2014 | 2014-12-31 | 16.44% | +4.08 pp |
| Q3 2014 | 2014-09-30 | 18.08% | −0.45 pp |
| Q2 2014 | 2014-06-30 | 18.72% | +1.28 pp |
| Q1 2014 | 2014-03-31 | 17.22% | +0.78 pp |
| Q4 2013 | 2013-12-31 | 12.36% | −0.98 pp |
| Q3 2013 | 2013-09-30 | 18.53% | −2.05 pp |
| Q2 2013 | 2013-06-30 | 17.44% | −3.66 pp |
| Q1 2013 | 2013-03-31 | 16.44% | −2.55 pp |
| Q4 2012 | 2012-12-31 | 13.34% | −6.81 pp |
| Q3 2012 | 2012-09-30 | 20.58% | +2.98 pp |
| Q2 2012 | 2012-06-30 | 21.10% | +1.46 pp |
| Q1 2012 | 2012-03-31 | 19.00% | +0.55 pp |
| Q4 2011 | 2011-12-31 | 20.15% | +0.09 pp |
| Q3 2011 | 2011-09-30 | 17.60% | +3.03 pp |
| Q2 2011 | 2011-06-30 | 19.63% | −2.25 pp |
| Q1 2011 | 2011-03-31 | 18.44% | −0.80 pp |
| Q4 2010 | 2010-12-31 | 20.06% | −6.48 pp |
| Q3 2010 | 2010-09-30 | 14.56% | −4.09 pp |
| Q2 2010 | 2010-06-30 | 21.89% | +3.38 pp |
| Q1 2010 | 2010-03-31 | 19.24% | +2.49 pp |
| Q4 2009 | 2009-12-31 | 26.54% | — |
| Q3 2009 | 2009-09-30 | 18.65% | — |
| Q2 2009 | 2009-06-30 | 18.51% | — |
| Q1 2009 | 2009-03-31 | 16.76% | — |
Iron Mountain operating margin trends
Over the last five fiscal years, Iron Mountain's operating margin decreased from 22.54% to 16.86%, a change of −5.68 percentage points. The latest reported quarter, Q2 2026, shows 18.41%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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