IDT Reports 6% Revenue Growth to $320.5M, Boosts Dividend 17%
IDT reported Q2 fiscal 2026 revenue up 6% to $320.5M with net income of $20.9M, GAAP EPS $0.84 and adjusted EPS $1.00. The company raised its annual dividend 17% to $0.28, repurchased 308,000 shares for $15M and saw NRS segment revenue climb 19% while fintech revenue rose 12%.
1. Q2 Fiscal 2026 Financial Highlights
IDT’s revenue rose 6% year-over-year to $320.5 million in the quarter, generating net income of $20.9 million. GAAP EPS reached $0.84, non-GAAP EPS was $1.00, and adjusted EBITDA climbed 9% to $38.0 million on margin expansion.
2. Shareholder Returns
The board increased the annual dividend by 17% to $0.28 per share and repurchased 308,000 common shares for $15 million during the first half of fiscal 2026, underscoring a commitment to returning capital to shareholders.
3. Segment Performance
National Retail Solutions (NRS) revenue jumped 19% to $39.4 million on higher recurring SaaS and merchant services fees, while the fintech segment, including BOSS Money and digital channels, achieved 12% revenue growth to $41.2 million.
4. Strategic Initiatives and Outlook
Management highlighted progress on AI-driven offerings integrated with unified communications for SMBs, expansion of merchant services partnerships, and continued migration from retail to higher-margin digital channels, setting the stage for further growth.