Our expanded AI capabilities, which we've continued to embed across the platform, also contributed to our strong financial results and increased guidance, including the recent release of our policy and procedures agent, which enables clients to leverage their own internal documentation, such as employee handbooks and standard operating procedures, to provide employees with instant and accurate answers to questions around topics such as travel expense and sick leave policies.

Feb 5, 2026 / receipt, needs a key / Steve Beauchamp, CEO | earnings call 2026-02-05 | transcript 296df7b3-b75b-4bed-aa93-687fd8e2db0d | chars 3728-4207 | segment 3

As Steve highlighted, we are excited about the opportunity with the recent launch of Paylocity for Finance, which represents the natural evolution of our mission to simplify work through innovation and empowers finance teams with AI-powered, automated solutions seamlessly integrated into the Paylocity platform, including headcount planning, expense management, AP automation, corporate cards, and guided procurement.

Aug 5, 2025 / receipt, needs a key / Toby Williams, President and CEO | earnings call 2025-08-05 | transcript c6d803e9-700d-42ee-9740-f04ff85f061c | chars 6866-7284 | segment 7

It will also provide us additional capabilities from an expense management perspective. So we had an expense management solution embedded in our suite I would call that a more basic version. They have much more advanced capabilities and so I think that represents an opportunity.

Aug 5, 2025 / receipt, needs a key / Steve, other | earnings call 2025-08-05 | transcript c6d803e9-700d-42ee-9740-f04ff85f061c | chars 26233-26512 | segment 26

Yeah, so I think if you look at module adoption, expense management probably has the greatest adoption, and in some cases, that ends up being the entry product, although we absolutely see full suite purchases, because once you have all your employees using that and making approvals, you can then really take advantage of that utilization on that single platform to drive you spend management, more complex rules, all the reporting on the back end, and ultimately, if you use all of their products, we've got all the data that they spend both on people as well as on their business items, and so there's analytics on the back end that are valuable to the customers, and so, but if I had to call one out, I think that's probably the expense management in terms of the most penetrated module they offer.

Aug 5, 2025 / receipt, needs a key / Alex, other | earnings call 2025-08-05 | transcript c6d803e9-700d-42ee-9740-f04ff85f061c | chars 38203-39004 | segment 38

Our growth continues to be fueled by our ongoing commitment to driving innovation and providing the most modern software platform in the industry, highlighted by our recent acquisition of Airbase, a modern finance and spend management software solution that combines bill pay, accounts payable automation, expense management, corporate cards, and procurement capabilities.

Oct 30, 2024 / receipt, needs a key / Steve Beauchamp, CEO | earnings call 2024-10-30 | transcript ffd72f44-0216-4c76-91c6-95c666126164 | chars 3692-4064 | segment 3

Corporate Cards - Corporate Cards enables clients to issue virtual or physical cards with built-in controls and real-time tracking, while integrating with existing credit card programs to provide centralized visibility and control of all card spend.

filing / Aug 5, 2026 / receipt

Airbase is a modern finance and spend management software solution that combines bill pay/accounts payable automation, expense management, corporate cards and procurement capabilities.

filing / Aug 5, 2026 / receipt

We expect these investments to increase our costs on an absolute basis, but as we grow our number of clients and our related revenues, we anticipate that we will gain economies of scale and increased operating leverage.

filing / Aug 5, 2026 / receipt

However, we expect to realize cost efficiencies over the long term as our business scales, resulting in improved operating leverage and increased margins.

filing / Aug 5, 2026 / receipt

We exclude one-off severance costs that we incur as part of the normal course of our business operations. (2) Represents acquisition and nonrecurring transaction-related costs, lease exit activity and severance costs related to certain roles that have been eliminated.

filing / Aug 5, 2026 / receipt

(2) Represents acquisition and nonrecurring transaction-related costs, lease exit activity and severance costs related to certain roles that have been eliminated.

filing / Aug 5, 2026 / receipt

Airbase is a modern finance and spend management software solution that combines bill pay/accounts payable automation, expense management, corporate cards and procurement capabilities.

filing / May 8, 2026 / receipt

We expect these investments to increase our costs on an absolute basis, but as we grow our number of clients and our related revenues, we anticipate that we will gain economies of scale and increased operating leverage.

filing / May 8, 2026 / receipt

However, we expect to realize cost efficiencies over the long term as our business scales, resulting in improved operating leverage and increased margins.

filing / May 8, 2026 / receipt

We exclude one-off severance costs that we incur as part of the normal course of our business operations. (2) Represents acquisition and transaction-related costs and severance costs related to certain roles that have been eliminated.

filing / May 8, 2026 / receipt

We exclude one-off severance costs that we incur as part of the normal course of our business operations. Basis of Presentation Revenues Recurring and other revenue We generate substantially all of our recurring and other revenue from ongoing subscriptions to our cloud-based software solutions, which are recurring in nature.

filing / May 8, 2026 / receipt