IDT Corporation (IDT) Stock Price & How to Invest

IDT Corporation, based in Newark, New Jersey and controlled by founder Howard Jonas, runs four segments. National Retail Solutions (NRS) sells point-of-sale terminals, payment processing and advertising to independent convenience stores and bodegas. BOSS Money is a digital international money-transfer service. net2phone sells cloud phone and contact-center software to businesses. Traditional Communications, which includes BOSS Revolution calling, IDT Global carrier services and prepaid calling, still brings in about two thirds of revenue, roughly $866 million of the ~$1.3 billion total in fiscal 2026 (year ended July 31, 2026).

The investment picture comes down to mix shift. In fiscal 2026 NRS revenue grew about 24%, BOSS Money about 14% and net2phone subscription revenue about 11%, while Traditional Communications was roughly flat and its operating income slipped about 5%. Consolidated operating income still rose about 21% to ~$121 million, and management guided fiscal 2027 adjusted EBITDA to $176 to $180 million. With ~$272 million of unrestricted cash and no debt, IDT has room for buybacks and a small dividend, but it also has a controlling shareholder and a history of spinning off businesses rather than keeping them.

Howard Jonas started the company in 1990 as International Discount Telephone, took it public in 1996 and moved the listing to the NYSE in 2001. IDT has a long habit of separating businesses and handing them to shareholders: CTM Media (later IDW Media) in 2009, Genie Energy in 2011, Straight Path in 2013, Zedge in 2016 and Rafael Holdings in 2018. net2phone has its own history inside the group; IDT sold a stake in it to AT&T in 2000 for about $1.1 billion and later bought it back. Today the company has about 2,400 staff in more than 30 countries. Shmuel Jonas, Howard's son, is CEO and Marcelo Fischer is CFO.

Control is concentrated by design. Howard Jonas owns every Class A share (about 1.57 million, at three votes each), while the roughly 23.7 million Class B shares that trade publicly carry one tenth of a vote each. That gave him about 70.3% of combined voting power as of September 24, 2025. IDT also does not own all of its best growth asset: it held 81.6% of NRS at July 31, 2025, or 79.5% on a fully diluted basis, so part of NRS's profit belongs to minority holders.

Traditional Communications is in long-term secular decline as messaging apps replace paid international calls, and it remains the majority of revenue. BOSS Money competes with Remitly, Western Union, Wise and others in a price-competitive market, and remittance flows are exposed to US immigration policy and proposed remittance taxes. NRS depends on small independent retailers and faces larger point-of-sale and payments players. IDT is effectively controlled by Howard Jonas through Class A shares, so outside shareholders have limited influence over spin-offs, related-party dealings and capital allocation. Some of fiscal 2026's strength may not repeat: NRS's record Q4 included a one-time tariff refund, and cash generated by operations, excluding customer deposits, fell by roughly 44%. The money-transfer and calling businesses carry regulatory costs, including a $2.9 million Universal Service Fund audit charge that IDT has appealed and $21.1 million of accrued FCC-related fees at July 31, 2025. Minority holders own close to a fifth of NRS. Related-party links run through the Jonas family's other public companies; IDT, for instance, rents office space in Jerusalem from Rafael Holdings. The long-running Straight Path stockholder suit, which sought about $1.2 billion, ended in IDT's favor when the Delaware Supreme Court affirmed the trial ruling on December 3, 2025.

We give no verdict on IDT Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. NRS terminal network and payments. NRS grew fiscal 2026 revenue about 24% to ~$159 million and adjusted EBITDA about 30% to ~$46 million.

The case against. Traditional Communications is in long-term secular decline as messaging apps replace paid international calls, and it remains the majority of revenue.

Read the full bull and bear case on IDT, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see IDT Corporation's investor relations page or your broker.

• Revenue (FY2026, ended July 2026): ~$1.30B
• Net income (FY2026): ~$87M
• Diluted EPS (FY2026): ~$3.46
• Adjusted EBITDA (FY2026): ~$155M
• Market cap: ~$2.0B
• Trailing P/E: ~24x

At $81.49 (October 9, 2026 close), IDT trades near 24x trailing GAAP earnings of $3.46 per share and about 21x non-GAAP EPS of $3.82. Netting out ~$272 million of unrestricted cash and investments and no debt, enterprise value is around $1.8 billion, or about 10x the midpoint of fiscal 2027 adjusted EBITDA guidance of $176 to $180 million. Part of that cash reflects customer deposits in the fintech businesses rather than freely available capital, and because IDT owns about 82% of NRS, not all of NRS's EBITDA accrues to IDT shareholders. Fiscal 2027 guidance also calls for gross profit of $545 to $555 million, about 11% growth at the midpoint.

Other names that sit close to IDT: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get IDT exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so IDT sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where IDT fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

IDT reads as a profitable, net-cash small cap whose value increasingly depends on NRS, BOSS Money and net2phone outgrowing the slow decline of its traditional calling business.

Whether IDT is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is IDT a buy or a sell?, and where the stock could go from here in the IDT stock forecast.

For income investors, whether IDT pays a dividend and how the payout looks is covered in does IDT pay a dividend? And to weigh IDT against a peer, read the full side-by-side comparisons: IDT vs WU and IDT vs WSE.