IDT Corporation reported a solid financial performance for the second quarter of fiscal 2026, ending January 31, 2026, with revenues reaching $320.5 million, a 5.4% increase from $303.3 million in the same period last year. The company’s net income attributable to IDT Corporation was $20.9 million, up from $20.3 million, reflecting a 3.1% increase year-over-year. For the six months ended January 31, 2026, total revenues were $643.3 million, compared to $612.9 million in the prior year, while net income rose to $43.3 million from $37.5 million, marking a 15.5% increase.
The company experienced notable growth in its National Retail Solutions (NRS) and Fintech segments, which contributed significantly to the overall revenue increase. NRS revenues grew to $39.3 million in the latest quarter, up 19.4% from $33.0 million, driven by an increase in active point-of-sale terminals and payment processing accounts. The Fintech segment, which includes BOSS Money, reported revenues of $41.2 million, an 11.9% increase from $36.8 million, attributed to higher digital transaction volumes. However, the Traditional Communications segment saw a slight revenue increase to $216.1 million, primarily due to growth in IDT Digital Payments and IDT Global, despite a decline in BOSS Revolution revenues.
Operationally, IDT Corporation reported an increase in active POS terminals to 38,900, up 12% from the previous year, and payment processing accounts rose by 18% to 28,100. The company’s employee headcount remained stable, supporting its operational needs as it continues to expand its service offerings. The gross profit margin for the company was 37.9%, slightly down from 38.1% in the previous year, reflecting increased direct costs associated with revenue growth.
Looking ahead, IDT Corporation anticipates continued growth driven by its strategic investments in technology and product development, particularly in its NRS and Fintech segments. The company plans to focus on enhancing its software services and expanding its customer base. Additionally, IDT expects to maintain a strong cash position, with cash, cash equivalents, and restricted cash totaling $336.9 million as of January 31, 2026, which it believes will be sufficient to meet its working capital and capital expenditure requirements for the upcoming year.
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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