EX-99.1 ex_950508.htm EXHIBIT 99.1 ex_950508.htm Exhibit 99.1
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, NJ — September 28, 2026 : 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 ;
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 ;
In FY 2026 , net cash provided by operating activities decreased to $91.1 million from $127.1 million in FY 2025 . Exclusive of changes in customer funds deposits in IDT’s Fintech segment, adjusted net cash provided by operating activities in FY 2026 decreased to $60.9 million from $107.8 million in FY 2025 . The decrease primarily stemmed from the timing of working capital movements associated with the daily changes in settlement assets and disbursement prefunding at BOSS Money.
Capital expenditures increased to $6.0 million in 4Q26 from $5.3 million in 4Q25 . For FY 2026 , capital expenditures increased to $23.1 million from $20.8 million in FY 2025 .
IDT repurchased 30,752 shares o f its Class B common stock through open market transactions during 4Q26 for approximately $2.0 million. Open market repurchases during FY 2026 totaled 421,938 shares for approximately $21.0 million.
FY 2027 FINANCIAL OUTLOOK For FY 2027, IDT expects to again grow consolidated gross profit by double digits, consistent with its average annual growth rate over the past several years, to a range of $545 million to $555 million.
Building on record Adjusted EBITDA of $154.6 million in FY 2026, IDT's fiscal 2027 guidance reflects continued, strong profitability growth, with Adjusted EBITDA expected to range from $176 million to $180 million, with each operating segment contributing to that growth.
DIVIDEND IDT’s Board of Directors has declared a quarterly cash dividend of $0.07 per share payable on October 14, 2026, to stockholders of record as of October 5, 2026.
IDT EARNINGS ANNOUNCEMENT INFORMATION This release is available for download in the “Investors & Media” section of the IDT Corporation website (https://www.idt.net/investors-and-media) and has been furnished on a current report (Form 8-K) with the SEC.
IDT will host an earnings conference call beginning at 5:30 PM Eastern today with management’s discussion of results followed by Q&A with investors. To listen to the call and participate in the Q&A, dial 1-888-506-0062 (toll-free from the U.S.) or 1-973-528-0011 (international) and provide the following access code: 266780.
Filing figures are from this filing. Earlier figures are from past filings.