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 Three Months Ended June 30, 2023 ($31.7) (22.6%) $25.8 $20.2 $0.0 $0.1 $1.0 $15.4 11.0% Three Months Ended June 30, 2022 ($30.1) (27.1%) $22.4 $16.1 $0.0 $0.1 $0.8 $9.2 8.3% Reconciliation to Adjusted Operating Income Fiscal Year Ended June 30, 2023 ($104.7) (18.9%) $98.2 $78.2 $0.0 $1.8 $9.0 $82.6 14.9% 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 Note 1: $ in millions. Amounts may not foot due to rounding. Note II: FY'19 actuals are the sum of the non-GAAP Successor Period (period from November 2, 2018 to June 30, 2019) and non-GAAP Predecessor Period (period from July 1, 2018 to November 1, 2018), and are reported in such a manner throughout this presentation. $ in millions. Amounts may not foot due to rounding. ($105.2) (36.1%) $80.1 $6.6 $29.0 $0.0 $31.5 $41.9 14.4% 20

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