Resilient spending on travel, leisure and everyday essentials boosted transaction volumesAdjusted profit for Mastercard came in at US$4.76 per share, surpassing analysts’ average expectations of US$4.25, and revenue of US$8.81 billion also beat estimates of US$8.78 billion. PHOTO: REUTERS[NEW YORK] Mastercard beat Wall Street expectations for fourth-quarter profit on Thursday (Jan 29), as resilient spending on travel, leisure and everyday essentials boosted transaction volumes for the payment processor. Shoppers also locked in deals to stretch their discretionary budgets during the holiday quarter, lifting transaction volumes for payment processors. Household spending has remained resilient, as consumers continue to prioritise necessities, while high earners show little sign of pulling back on discretionary purchases. Adjusted profit for Mastercard came in at US$4.76 per share, surpassing analysts’ average expectations of US$4.25, and revenue of US$8.81 billion also beat estimates of US$8.78 billion, according to data compiled by LSEG.