Mastercard surpassed Wall Street estimates for second-quarter profit on Thursday, driven by strong consumer spending on travel and leisure. A mix of higher inflation, interest rate pressures and tariff uncertainty has done little to slow American travelers and shoppers so far,

Mastercard said more consumer spending in its payment network translated to higher revenue and earnings in the second quarter.

Mastercard shares rose modestly Thursday after the firm reported better second-quarter results than analysts had expected.