Paycor Results Presentation Deck
GAAP to Non-GAAP Reconciliation
Revenue
Gross Profit
Gross Profit Margin
Amortization of intangible assets
Stock-based compensation expense
Corporate adjustments
Adjusted Gross Profit
Adjusted Gross Profit Margin
Amortization of deferred contract costs
Amortization of capitalized software
Depreciation
Adjusted Gross Profit, Excluding D & A
Adjusted Gross Profit Margin, Excluding D&A
Note: $ in millions. Amounts may not foot due to rounding.
Three Months Ended
March 31, 2022
$122.6
$81.4
66.4%
$1.4
$1.7
$0.0
$84.6
69.0%
$4.6
$5.8
$0.6
$95.6
78.0%
Reconciliation to Adjusted Gross Profit Excluding D&A
Three Months Ended
March 31, 2021
$99.8
$58.7
58.7%
$11.7
$0.2
$0.0
$70.6
70.7%
$2.8
$3.7
$0.6
$77.7
77.8%
Fiscal Year Ended
June 30, 2021
$352.8
$198.3
56.2%
$46.1
$0.5
$0.0
$244.9
69.4%
$10.6
$13.8
$2.6
$271.9
77.1%
Fiscal Year Ended
June 30, 2020
$327.9
$188.2
57.4%
$42.9
$0.6
$1.7
$233.4
71.2%
$5.7
$6.9
$2.5
$248.4
75.8%
Fiscal Year Ended
June 30, 2019
$291.5
$182.0
62.4%
$28.1
$0.4
$0.3
$210.7
72.3%
$5.8
$5.5
$2.3
$224.4
77.0%
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