IDT Corporation Powers Through Q3 2026 With Record-Breaking Growth
IDT Corporation has made waves in the business world with its impressive financial and operational results for the three months ended April 30th, 2026. The company's Chief Executive Officer, Shmuel Jonas, and Chief Financial Officer, Marcelo Fischer, presented their quarterly report, showcasing a remarkable quarter of growth and innovation.
One notable aspect of IDT's presentation was the celebration of its 25th anniversary as an NYSE-listed company and 30th anniversary as a public company. Over 100 employees from around the world came together to mark this special occasion at the New York Stock Exchange (NYSE), demonstrating the company's commitment to employee satisfaction and recognition.
The quarterly results themselves are equally impressive, with consolidated revenue growing 5% to $315.7 million. Gross profit grew by a staggering 9% to $122.5 million, accompanied by an expansion in gross margin of 170 points to 38.8%, setting a new record for the company.
IDT's three higher-margin businesses have been driving the company's year-over-year revenue and earnings growth, paired with consistent cash generation from its traditional communications segment. Income from operations grew 12% to $29.8 million, while Adjusted EBITDA increased 13% to $37.5 million.
One particularly bright spot for IDT is the performance of its NRS recurring revenue, which grew a robust 22% year-over-year. Monthly average recurring revenue per terminal also saw an increase of approximately 10%, driven by merchant services and SaaS fees. The terminal network now boasts over 39,000 active POS terminals, with payment processing accounts exceeding 29,000, a 14% year-over-year growth.
IDT's financial health is further underscored by its Rule of 40 score, which was 50 in the quarter. This measure reflects a healthy balance between revenue growth and profitability, positioning the company for continued success in the future.
Following the close of the quarter, IDT made a strategic acquisition by gaining control of OnCore Digital, a digital media brokerage. The integration of OnCore's platform demand relationships and publisher network with IDT's screen network and first-party transaction data is expected to create a more competitive retail offering, further bolstering the company's position in the market.
In conclusion, IDT Corporation has demonstrated remarkable resilience and growth throughout Q3 2026. With its commitment to employee satisfaction, innovation, and strategic expansion, the company is poised for continued success and further growth in the coming quarters.
