IDT Corporation reported a notable increase in financial performance for the three and nine months ended April 30, 2026, compared to the same periods in the previous fiscal year. The company generated revenues of $315.7 million for the quarter, up from $302.0 million, marking a 4.6% increase. For the nine-month period, revenues reached $959.0 million, a rise from $914.9 million, reflecting a 4.8% growth. Net income attributable to IDT Corporation was $21.6 million for the quarter, slightly down from $21.7 million, while for the nine months, net income increased to $65.0 million from $59.2 million, representing an 9.8% increase.
The company experienced significant changes in its operational metrics, particularly in its NRS and Fintech segments. NRS revenues increased by 22.2% in the quarter, driven by growth in recurring revenue and an expanded retailer network. The Fintech segment also saw a 16.6% increase in revenues, primarily due to higher transaction volumes in its BOSS Money service. The net2phone segment reported a 10.9% increase in revenues, attributed to a rise in subscription services and an increase in seats served. However, the Traditional Communications segment experienced a slight decline in revenues for the quarter, primarily due to decreased demand for BOSS Revolution services.
Strategically, IDT Corporation made a significant acquisition by purchasing certain assets of Oncore Digital, Inc. for approximately $4.8 million, which closed on May 1, 2026. This acquisition is expected to enhance IDT's digital advertising and monetization capabilities by integrating Oncore's technology with its existing services. The company also continued its stock repurchase program, buying back 391,186 shares of Class B common stock for $19.0 million during the nine months ended April 30, 2026.
Operationally, IDT reported an increase in active POS terminals to 39,300, up 10.4% from the previous year, and payment processing accounts rose by 14.5% to 29,200. The company’s employee headcount remained stable, supporting its operational growth. The increase in customer engagement metrics reflects the company's successful expansion strategies and product adoption rates across its various segments.
Looking ahead, IDT Corporation anticipates continued growth driven by its strategic initiatives and market conditions. The company expects to leverage its recent acquisition to enhance service offerings and improve customer engagement. Additionally, IDT plans to maintain its focus on expanding its digital payment solutions and enhancing its telecommunications services, positioning itself for further growth in the upcoming fiscal periods.
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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