Paycor Investor Presentation Deck

GAAP to Non-GAAP Reconciliation (cont'd) Sales and Marketing Expense Amortization of intangible assets Stock-based compensation expense Liability incentive award compensation expense Corporate adjustments Adjusted Sales and Marketing Expense % of Revenue General and Administrative Expense Amortization of intangible assets Stock-based compensation expense Liability incentive award compensation expense Loss on lease exit Corporate adjustments Adjusted General and Administrative Expense % of Revenue Research and Development Expense Stock-based compensation expense Liability incentive award compensation expense Corporate adjustments Adjusted Research and Development Expense % of Revenue Three Months Ended Three Months Ended June 30, 2023 June 30, 2022 $56.5 ($1.1) ($8.0) $0.0 $0.0 $47.4 33.8% $52.4 ($23.2) ($7.3) $0.0 ($0.1) ($1.0) $20.9 14.9% $14.3 ($2.6) $0.0 $0.0 $11.8 8.4% $42.7 $0.0 ($6.1) $0.0 $0.0 $36.6 32.9% $45.1 ($21.1) ($5.5) $0.0 ($0.1) ($0.8) $17.6 15.9% $13.0 ($3.0) $0.0 $0.0 $10.0 9.1% Reconciliation of Adjusted Operating Expenses Fiscal Year Ended June 30, 2023 $212.1 ($3.9) ($32.4) $0.0 $0.0 $175.8 31.8% $203.9 ($89.0) ($27.1) $0.0 ($1.8) ($9.0) $77.0 13.9% $54.3 ($9.6) $0.0 $0.0 $44.6 8.1% Fiscal Year Ended June 30, 2022 $170.6 $0.0 ($35.5) $0.0 ($0.1) $135.1 31.5% $187.0 ($82.6) ($22.5) $0.0 ($9.1) ($4.6) $68.2 15.9% $43.1 ($6.8) $0.0 $0.0 $36.4 8.5% Fiscal Year Ended June 30, 2021 $106.1 $0.0 ($1.4) $0.1 ($1.1) $103.7 29.4% $145.5 ($79.5) ($2.2) $0.0 $0.0 ($6.5) $57.3 16.3% $36.0 ($0.1) $0.0 ($0.1) $35.9 10.2% Fiscal Year Ended June 30, 2020 $100.0 $0.0 ($1.7) $0.0 ($2.5) $95.8 29.2% $137.1 ($78.0) ($1.9) ($3.1) $0.0 ($6.5) $47.7 14.5% $45.9 ($0.8) $0.0 ($1.5) $43.6 13.3% Fiscal Year Ended June 30, 2019 Note 1: $ in millions. Amounts may not foot due to rounding. Note II: FY'19 actuals are the sum of the non-GAAP Successor Period (period from November 2, 2018 to June 30, 2019) and non-GAAP Predecessor Period (period from July 1, 2018 to November 1, 2018), and are reported in such a manner throughout this presentation. $ in millions. Amounts may not foot due to rounding. $87.1 $0.0 ($2.3) $0.0 $0.0 $84.9 29.1% $158.9 ($52.0) ($3.0) ($29.0) $0.0 ($30.8) $44.2 15.1% $41.1 ($1.0) $0.0 ($0.4) $39.7 13.6% 21

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