IRM · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

IRON MOUNTAIN INC · 2026-11-05 · Importance 54 · Surprise 40

For the three months ended September 30, 2026, revenue rose 13.5% year over year to $1,990.6 million; for the nine months, it rose 17.7% to $5,955.8 million. Nine-month storage rental revenue increased 13.0% to $3,378.9 million, while service revenue increased 24.7% to $2,576.9 million. Organic growth accounted for 15.6% of the nine-month total revenue increase, with acquisitions contributing 0.9% and foreign currency contributing to the difference between reported and constant-currency growth. Management attributed storage growth to Global RIM revenue management and Global Data Center lease commencements and improved pricing; service growth reflected Global Digital Solutions, traditional service activity, and ALM customer growth.

Key facts

• For the nine months ended September 30, 2026, storage rental revenue was $3,378.884 million, up 13.0%, and service revenue was $2,576.944 million, up 24.7%. source
• Three-month 2026 revenue was $1,990.617 million, up 13.5%; storage rental revenue was $1,149.508 million, up 11.3%, and service revenue was $841.109 million, up 16.6%. source
• Nine-month 2026 total revenue growth was 16.5% at constant currency and 15.6% organic; acquisitions contributed 0.9%. source
• Nine-month service revenue growth was driven by Global Digital Solutions and traditional service activity in Global RIM, and growth from new and existing ALM customers; recent ALM acquisitions added $31.7 million. source
• Nine-month storage rental revenue growth was driven by Global RIM revenue management and Global Data Center lease commencements and improved pricing. source