Paycor Results Presentation Deck

GAAP to non-GAAP Reconciliation (cont'd) Sales and Marketing Expense 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 Note: $ in millions. Amounts may not foot due to rounding. Three Months Ended March 31, 2022 $41.5 ($7.6) $0.0 $0.0 $33.9 27.6% $54.1 ($20.7) ($5.8) $0 ($9.1) ($0.6) $17.9 14.6% $9.3 ($1.1) $0.0 $0.0 $8.2 6.7% Reconciliation of Adjusted Operating Expenses Three Months Ended March 31, 2021 $26.0 ($0.6) $0.0 ($0.0) $25.4 25.5% $38.4 ($20.1) ($1.0) ($0.0) $0.0 ($2.5) $14.9 14.9% $8.8 ($0.0) $0.0 ($0.1) $8.7 8.7% Fiscal Year Ended June 30, 2021 $106.1 ($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 ($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 $87.1 ($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% 23

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