IRM · 10-Q · 2026Q2 · Full report
Revenue Performance and Mix
IRON MOUNTAIN INC · 2026-08-05 · Importance 59 · Surprise 48 · In source text
Six-month 2026 revenue increased 20.0% year over year to $3,965.2 million, including 13.8% growth in storage rental revenue to $2,229.4 million and 29.0% growth in service revenue to $1,735.8 million. Organic revenue growth was 17.0%, with acquisitions contributing 1.1 percentage points; service revenue growth was driven by Global Digital Solutions, traditional records-management activity, and the ALM business. Global Data Center Business revenue increased 42.7% to $517.6 million, while Global RIM Business revenue increased 10.0% to $2,837.6 million and Corporate and Other revenue increased 68.4% to $610.0 million. Growth in storage rental revenue reflected Global RIM revenue management, data-center lease commencements, improved pricing, and increased customer power usage; ALM acquisitions contributed $24.4 million of service revenue.
Key facts
- Total revenues for the six months ended June 30, 2026: $3,965,211 thousand, up $660,734 thousand or 20.0% vs prior year. source
- Total revenues for the three months ended June 30, 2026: $2,029,062 thousand, up $317,114 thousand or 18.5% vs prior year. source
- Service revenue for the three months ended June 30, 2026: $894,451 thousand, up $192,492 thousand or 27.4% vs prior year. source
- Corporate and Other revenue for the six months ended June 30, 2026: $609,967 thousand, up $247,828 thousand or 68.4% vs prior year; service revenue increased $24.4 million due to acquisitions in ALM and organic service revenue growth in ALM. source
- Storage Rental revenue for the three months ended June 30, 2026: $1,134,611 thousand, up $124,622 thousand or 12.3% vs prior year. source
- Global Data Center Business segment revenue for the six months ended June 30, 2026: $517,596 thousand, up $154,998 thousand or 42.7% vs prior year driven by lease commencements, improved pricing and increased customer usage of power. source
- Global RIM Business segment revenue for the three months ended June 30, 2026: $1,433,562 thousand, up $109,764 thousand or 8.3% vs prior year; organic growth 6.8%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +32.6% | Total revenues for the six months ended June 30, 2026: $3,965,211 thousand, up $660,734 thousand or 20.0% vs prior year. |
| revenue | positive | realized | +15.6% | Total revenues for the three months ended June 30, 2026: $2,029,062 thousand, up $317,114 thousand or 18.5% vs prior year. |
| revenue | positive | realized | +12.2% | Corporate and Other revenue for the six months ended June 30, 2026: $609,967 thousand, up $247,828 thousand or 68.4% vs prior year;… |
| revenue | positive | realized | +9.5% | Service revenue for the three months ended June 30, 2026: $894,451 thousand, up $192,492 thousand or 27.4% vs prior year. |
| revenue | positive | realized | +7.6% | Global Data Center Business segment revenue for the six months ended June 30, 2026: $517,596 thousand, up $154,998 thousand or 42.7% vs… |
| revenue | positive | realized | +6.1% | Storage Rental revenue for the three months ended June 30, 2026: $1,134,611 thousand, up $124,622 thousand or 12.3% vs prior year. |
| revenue | positive | realized | +5.4% | Global RIM Business segment revenue for the three months ended June 30, 2026: $1,433,562 thousand, up $109,764 thousand or 8.3% vs prior… |
| revenue | positive | realized | +1.2% | Corporate and Other revenue for the six months ended June 30, 2026: $609,967 thousand, up $247,828 thousand or 68.4% vs prior year;… |