Paycor Results Presentation Deck

GAAP to Non-GAAP Reconciliation (cont'd) Loss from Operations Operating Margin Amortization of intangible assets Stock-based compensation expense Liability incentive award compensation expense Loss on lease exit Corporate adjustments Adjusted Operating Income Adjusted Operating Income Margin Note: $ in millions. Amounts may not foot due to rounding. Three Months Ended March 31, 2022 ($23.5) (19.1%) $22.1 $16.3 $0.0 $9.1 $0.6 $24.7 20.1% Reconciliation to Adjusted Operating Income Three Months Ended March 31, 2021 ($14.7) (14.7%) $31.8 $1.9 $0.0 $0.0 $2.6 $21.6 21.6% Fiscal Year Ended June 30, 2021 ($89.3) (25.3%) $125.6 $4.2 ($0.2) $0.0 $7.7 $48.0 13.6% Fiscal Year Ended June 30, 2020 ($94.7) (28.9%) $120.9 $4.9 $3.1 $0.0 $12.1 $46.3 14.1% Fiscal Year Ended June 30, 2019 ($105.2) (36.1%) $80.1 $6.6 $29.0 $0.0 $31.5 $41.9 14.4% 22

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