IRM · 10-Q · 2026Q3 · Full report

FX / Currency Impact

IRON MOUNTAIN INC · 2026-11-05 · Importance 35 · Surprise 48

Iron Mountain uses cross-currency swaps to hedge exchange-rate variability between the U.S. dollar and the euro, Canadian dollar and Singapore dollar. Total cross-currency swap notional increased to $1,054.559 million at September 30, 2026 from $859.187 million at December 31, 2025, an increase of approximately 22.7%; the increase included $200.0 million of Singapore-dollar swaps, while euro notional was $504.559 million and Canadian-dollar notional was $350.0 million. The swaps hedge net investments in the company’s euro-, Canadian-dollar- and Singapore-dollar-denominated subsidiaries and mature from November 2026 through February 2029.

Key facts

• Iron Mountain’s total cross-currency swap notional value was $1,054.559 million as of September 30, 2026, compared with $859.187 million as of December 31, 2025. source
• Iron Mountain’s Euro cross-currency swap notional value was $504.559 million as of September 30, 2026, compared with $509.187 million as of December 31, 2025. source
• Iron Mountain’s Singapore dollar cross-currency swap notional value was $200.000 million as of September 30, 2026, compared with none as of December 31, 2025. source
• Iron Mountain’s Canadian dollar cross-currency swap notional value was $350.000 million as of both September 30, 2026 and December 31, 2025. source
• As of September 30, 2026, Iron Mountain’s cross-currency swap agreements had maturities ranging from November 2026 through February 2029. source
• Iron Mountain uses cross-currency swaps to hedge exchange-rate variability between the U.S. dollar and the Euro, Canadian dollar, and Singapore dollar. source