Iron Mountain Records Management — Storage rental revenue increased by 2.7% to $1.18B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 13.6%, from $1.03B to $1.18B. Over 4 years (FY 2021 to FY 2025), Records Management — Storage rental revenue shows an upward trend with a 8.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
An increase indicates growth in the installed base of stored items or successful price realization, while a decrease may signal client churn or the ongoing digitization of physical records.
This metric represents the recurring revenue generated from the long-term physical storage of documents, records, and me...
Comparable to recurring storage rental revenue in logistics, self-storage, or specialized document management firms, where long-term contract value is the primary performance indicator.
irm_segment_records_management_storage_rental_revenue| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $800.03M | $797.51M | $823.33M | $834.45M | $855.13M | $865.14M | $870.35M | $902.34M | $936.04M | $962.52M | $970.76M | $975.72M | $1.02B | $1.03B | $1.04B | $1.03B | $1.10B | $1.10B | $1.14B | $1.18B |
| QoQ Change | — | -0.3% | +3.2% | +1.4% | +2.5% | +1.2% | +0.6% | +3.7% | +3.7% | +2.8% | +0.9% | +0.5% | +4.1% | +1.6% | +0.6% | -0.4% | +6.4% | +0.1% | +3.8% | +2.7% |
| YoY Change | — | — | — | — | +6.9% | +8.5% | +5.7% | +8.1% | +9.5% | +11.3% | +11.5% | +8.1% | +8.5% | +7.2% | +7.0% | +6.0% | +8.4% | +6.9% | +10.2% | +13.6% |