IDT Corporation reported a solid financial performance for the fiscal year ending July 31, 2026, with total revenues reaching $1.3 billion, a slight increase from $1.29 billion in the previous fiscal year. The company’s net income attributable to IDT Corporation was $86.6 million, up from $76.1 million in fiscal 2025, reflecting a 13.8% increase. The growth in profitability was driven by strong performances across its business segments, particularly in the National Retail Solutions (NRS) and Fintech segments, which saw revenue increases of 23.8% and 13.8%, respectively.
The NRS segment generated $159.4 million in revenue, up from $128.8 million in fiscal 2025, primarily due to an increase in active point-of-sale (POS) terminals, which rose to approximately 40,400 from 37,200 the previous year. The Fintech segment, which includes the BOSS Money remittance service, reported revenues of $176 million, compared to $154.6 million in the prior year, with BOSS Money alone contributing $156.7 million, a 12% increase. This growth was attributed to higher digital transaction volumes and effective cross-marketing strategies with other IDT services.
Strategically, IDT made significant moves in fiscal 2026, including the acquisition of an 80% controlling interest in OnCore Digital, a digital media brokerage, which is expected to enhance its advertising capabilities. The company also launched direct online ordering and delivery integrations with major platforms like DoorDash and Uber Eats, further expanding its service offerings. Additionally, IDT's workforce increased to approximately 2,400 employees, reflecting its growth and operational needs.
Operationally, IDT reported a customer base of approximately 1.8 million unique monthly users, predominantly first and second-generation immigrants in the U.S. The company’s focus on AI integration across its services has enhanced customer engagement and operational efficiency. Looking ahead, IDT anticipates continued growth driven by its high-margin businesses, particularly NRS and Fintech, and plans to further leverage AI technologies to optimize its offerings and expand into new markets. The company remains committed to maintaining a strong balance sheet while returning value to shareholders through dividends and stock repurchases.
About IDT CORP
IDT Corporation is a diversified provider of telecommunications, fintech, and digital payment solutions. Its core businesses include point-of-sale systems for independent retailers, international money remittances, cloud-based unified communications, and wholesale voice services. Serving primarily immigrant communities and small to medium enterprises, the company leverages proprietary technology, extensive retail and partner networks, and innovative offerings to deliver cost-effective, high-quality communication and financial services globally.
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