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 Loss on lease exit Corporate adjustments Adjusted General and Administrative Expense % of Revenue Research and Development Expense Stock-based compensation expense Liability incentive award compensation expense Corporate adjustments Adjusted Research and Development Expense % of Revenue Note: $ in millions. Amounts may not foot due to rounding. Three Months Ended December 31, 2022 $51.9 ($1.2) ($8.7) $0.0 $0.0 $42.0 31.6% $52.5 ($22.1) ($7.3) $0.0 ($0.3) ($3.5) $19.2 14.5% $13.9 ($2.7) $0.0 $0.0 $11.2 8.4% Three Months Ended December 31, 2021 $40.7 $0.0 ($8.1) $0.0 $0.0 $32.6 31.6% $44.5 ($20.5) ($6.1) $0.0 $0.0 ($1.4) $16.4 15.9% $10.6 ($1.2) $0.0 $0.0 $9.5 9.2% Reconciliation of Adjusted Operating Expenses 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 $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) $0.0 ($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) $0.0 ($1.5) $43.6 13.3% Fiscal Year Ended June 30, 2019 $87.1 $0.0 ($2.3) $0.0 $0.0 $84.9 29.1% $158.9 ($52.0) ($3.0) ($29.0) $0.0 ($30.8) $44.2 15.1% $41.1 ($1.0) $0.0 ($0.4) $39.7 13.6% 21

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