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 Gain (loss) on lease exit Corporate adjustments Adjusted General and Administrative Expense % of Revenue Research and Development Expense Stock-based compensation expense Corporate adjustments Adjusted Research and Development Expense % of Revenue Note: $ in millions. Amounts may not foot due to rounding. Three Months Ended September 30, 2023 $52.8 ($1.1) ($4.3) $0.0 $0.0 $47.4 33.0% $48.7 ($23.3) ($5.1) $0.0 $0.1 ($0.8) $19.7 13.7% $14.1 ($1.9) $0.0 $12.1 8.4% Three Months Ended September 30, 2022 $48.2 ($0.8) ($7.4) $0.0 $0.0 $39.9 33.8% $47.9 ($21.3) ($5.3) $0.0 ($0.5) ($3.1) $17.7 14.9% $12.4 ($2.0) $0.0 $10.4 8.8% 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 $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 $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) ($0.1) $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) ($1.5) $43.6 13.3% 21

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