Paycor Investor 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 September 30, 2022 ($33.4) (28.2%) $23.3 $17.0 $0.0 $0.5 $3.1 $10.4 8.8% Three Months Ended September 30, 2021 ($52.3) (56.4%) $32.1 $21.8 $0.0 $0.0 $1.8 $3.4 3.7% Reconciliation to Adjusted Operating Income Fiscal Year Ended June 30, 2022 ($139.6) (32.5%) $102.0 $71.4 $0.0 $9.1 $4.7 $47.5 11.1% 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% 20

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