Press Release: IDT Corporation Reports Record Fourth Quarter and Fiscal Year 2026 Results

Record fourth quarter Gross Profit +18%; Income from Operations +52%; Adjusted EBITDA(*) +22%

FY 2026 Income from Operations of $121M (+21%); Adjusted EBITDA of $155M (+17%)

NEWARK, N.J., Sept. 28, 2026 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech, communications, and AI-powered customer experience solutions, today reported results for its fourth quarter and full fiscal year 2026, the three and twelve months ended July 31, 2026.

4Q26 HIGHLIGHTS (**)

   -- Consolidated Results 
 
          -- Revenue: +7% to $339.0 million; 
 
          -- Gross profit / margin: +18% to $134.8 million / +360 bps to 39.8%; 
 
          -- Income from operations: +52% to $33.2 million; 
 
          -- Net income attributable to IDT: +29% to $21.7 million; 
 
          -- GAAP EPS: Increased to $0.87 from $0.67; 
 
          -- Non-GAAP EPS: Increased to $0.94 from $0.76; 
 
          -- Adjusted EBITDA: +22% to $41.2 million. 
 
   -- Key Businesses / Segments 
 
          -- NRS 
 
                 -- Revenue: +31% to $45.0 million; 
 
                 -- Income from operations: +105% to $12.0 million; 
 
                 -- Adjusted EBITDA: +47% to $14.0 million. 
 
          -- BOSS Money / Fintech segment 
 
                 -- BOSS Money digital revenue: +22% to $33.7 million; 
 
                 -- Fintech segment revenue: +12% to $47.1 million; 
 
                 -- Fintech segment income from operations: +15% to $5.5 
                    million; 
 
                 -- Fintech segment Adjusted EBITDA: +17% to $6.5 million. 
 
          -- net2phone 
 
                 -- Subscription revenue: +10% to $24.5 million; 
 
                 -- Income from operations: +75% to $2.6 million; 
 
                 -- Adjusted EBITDA: +26% to $4.4 million. 
 
          -- Traditional Communications 
 
                 -- Revenue: +2% to $222.0 million; 
 
                 -- Gross profit: +0.4% to $41.1 million; 
 
                 -- Income from operations: +8% to $16.6 million; 
 
                 -- Adjusted EBITDA: +12% to $19.9 million. 

FY 2026 HIGHLIGHTS

   -- Consolidated Results 
 
          -- Revenue: +5% to $1,298.0 million; 
 
          -- Gross profit / margin: +11% to $496.8 million / +200 bps to 38.3%; 
 
          -- Income from operations: +21% to $121.2 million; 
 
          -- Net income attributable to IDT: +14% to $86.6 million; 
 
          -- GAAP EPS: Increased to $3.46 from $3.01; 
 
          -- Non-GAAP EPS: Increased to $3.82 from $3.19; 
 
          -- Adjusted EBITDA: +17% to $154.6 million. 
 
   -- Key Businesses / Segments 
 
          -- NRS 
 
                 -- Revenue: +24% to $159.4 million; 
 
                 -- Income from operations: +42% to $39.3 million; 
 
                 -- Adjusted EBITDA: +30% to $45.8 million. 
 
          -- BOSS Money / Fintech segment 
 
                 -- BOSS Money digital revenue: +21% to $119.4 million; 
 
                 -- Fintech segment revenue: +14% to $176.0 million; 
 
                 -- Fintech segment income from operations: +40% to $21.5 
                    million; 
 
                 -- Fintech segment Adjusted EBITDA: +41% to $26.2 million. 
 
          -- net2phone 
 
                 -- Subscription revenue: +11% to $94.9 million; 
 
                 -- Income from operations: +84% to $9.1 million; 
 
                 -- Adjusted EBITDA: +33% to $16.1 million. 
 
          -- Traditional Communications 
 
                 -- Revenue: +1% to $865.9 million; 
 
                 -- Gross profit: (4)% to $162.6 million; 
 
                 -- Income from operations: (5)% to $63.4 million; 
 
                 -- Adjusted EBITDA: +1% to $77.3 million. 

(*) This release discloses certain Non-GAAP financial measures (Adjusted EBITDA, Non-GAAP EPS, NRS' 'Rule of 40,' and adjusted net cash provided by operating activities) as well as certain Key Performance Metrics (net2phone subscription revenue, net2phone constant currency subscription revenue growth rate, NRS Average Monthly Network Gross Profit per Location, and BOSS Money transactions and digital channel send volume). Please see the explanations of those measures and metrics, the reasons for their inclusion and reconciliations of Non-GAAP measures to their closest GAAP measures at the end of this release.

**Throughout this release, unless otherwise noted, results for the fourth quarter of fiscal year 2026 (4Q26) are compared to the fourth quarter of fiscal year 2025 (4Q25) and results for FY 2026 are compared to FY 2025. All earnings per share (EPS) and other 'per share' results are per diluted share.

REMARKS BY SHMUEL JONAS, CEO

IDT's fourth quarter capped off a strong fiscal year, highlighted by accelerated topline and Adjusted EBITDA growth.

Our three higher-margin growth segments, NRS, Fintech and net2phone, each increased their respective quarterly and full-year contributions, while our Traditional Communications segment generated more Adjusted EBITDA in fiscal 2026 than it did in fiscal 2025 or 2024.

At NRS, we continue to develop and deploy new, high-value functionalities for our retailers, such as our recent Uber Eats integration following the Grubhub and DoorDash partnerships we announced last year. These advances are supplementing other tailwinds driving gains in Merchant Services revenues. Also in the fourth quarter, Advertising and Data revenue returned to growth, bolstered by our recent acquisition. Taken together, these developments helped drive a 47% year-over-year increase in NRS' fourth quarter Adjusted EBITDA. Looking ahead, we are working on several product initiatives to increase sales to our existing retailer base and to attract new retailers to the NRS network.

Our BOSS Money remittance business shares its brand identity, distribution networks and addressable markets with our other BOSS-branded offerings. In recent years, we invested heavily to build and improve our BOSS apps. That strategy is paying off as BOSS Money continues to grow rapidly - thanks in part to the quality of our apps and our customer-centric service.

At BOSS Money, remittances surpassed a 30 million annual transaction run-rate for the first time in May, thanks to strong Mother's Day results in our digital channel. This channel contributed 88% of our total transaction volume in the fourth quarter with transactions and revenue both increasing by 20+%.

We recently launched money transfers via our WhatsApp channel, and we closed the fiscal year by deploying a digital wallet here in the U.S. The wallet enables our customers to load funds, store promotions, and pay for services. In addition, the BOSS Money app is extending its geographic reach, launching internationally with differentiated features by country including peer-to-peer remittances, a stablecoin-backed wallet with a reloadable debit card and other money management tools. We are also launching a BOSS Money branded rechargeable card with credit building features. All of these developments mark early steps toward a broader suite of BOSS Money-branded financial services and tools that we intend to offer globally.

net2phone delivered another solid quarter as we enhanced our cloud communications portfolio with both native and standalone AI solutions for businesses across the globe. Our agentic AI solutions, AI Agent and Coach, combined with our new integration layer, enable customers to connect their everyday business applications and workflow tools with net2phone's suite of services. net2phone's AI tools and applications are driving nearly every conversation with our clients. That process is delivering new logos and accelerating accretive sales. net2phone is on track to surpass the $100 million ARR milestone in the current quarter and we expect continued topline expansion throughout fiscal 2027.

Overall, IDT is well positioned as we begin the new fiscal year with accelerating topline growth, increasing cash generation, and a debt-free balance sheet that affords us strategic flexibility.

4Q26 AND FY 2026 RESULTS BY SEGMENT

National Retail Solutions

 
(Terminals, accounts and retailer locations at end 
 of period. $ in millions, except for Average Monthly 
 GP per Location.(*) Numbers may not foot due to rounding.) 
 
 
                                                      4Q26-4Q25                                 FY26-FY25 
                                                      (<DELTA>, 
                                                          % 
                4Q26         3Q26         4Q25         <DELTA>)         FY26        FY25       (% <DELTA>) 
               -------      -------      -------      ----------       ------      ------      ----------- 
 
Retailer 
 locations      35,400       34,800       32,700           2,700 
Active POS 
 terminals      40,400       39,300       37,200           3,200 
Payment 
 processing 
 accounts       29,400       29,200       26,500           2,900 
 
Revenue 
Merchant 
 Services & 
 Other         $  28.5      $  25.8      $  21.8             +31%      $102.0      $ 76.8              +33% 
Advertising 
 and Data      $  10.1      $   5.7      $   6.8             +49%      $ 32.1      $ 31.1               +3% 
SaaS Fees      $   4.6      $   4.5      $   4.1             +12%      $ 17.8      $ 14.7              +21% 
POS Terminal 
 Sales         $   1.8      $   2.0      $   1.7             +10%      $  7.5      $  6.2              +22% 
Total revenue  $  45.0      $  38.0      $  34.3             +31%      $159.4      $128.8              +24% 
 
Gross profit   $  42.6      $  34.3      $  30.5             +40%      $146.6      $116.9              +25% 
Gross profit 
 margin           94.8%        90.2%        89.0%           +580  bps    92.0%       90.7%            +130  bps 
 
Average 
 monthly GP 
 per 
 location*     $   383      $   331      $   315             +22%      $  352      $  316              +12% 
 
SG&A           $  27.3      $  23.4      $  20.0             +37%      $ 96.1      $ 78.0              +23% 
Technology 
 and