Mistral Large pricing, after a four-fold cut.
$0.50 and $1.50 per million tokens. That is budget-tier pricing on a model that is not a budget-tier model.
Mistral lists Large at $0.50 per million input tokens and $1.50 per million output. The previous generation, Mistral Large 2, was $2 and $6, so this is a four-fold reduction on both legs. It moves the model out of the mid tier entirely and into the same price band as the small models from other providers, without the capability drop that band usually implies.
At this price the comparison changes shape. Against GPT-5 at $1.25 and $10, Mistral Large is roughly a fifth of the output cost. That is a large enough gap that it is worth running your own evaluation rather than assuming the cheaper model is worse, particularly on generation-heavy workloads where output price dominates the bill.
- European teams with GDPR-driven data residency requirements
- Generation-heavy workloads where the low output price compounds fastest
- Cost-sensitive production traffic that still needs mid-tier capability
Mistral Large vs the alternatives.
| Model | Input / 1M | Output / 1M | Sample request |
|---|---|---|---|
| Mistral Large | $0.50 | $1.50 | $0.0012 |
| GPT-5 | $1.25 | $10.00 | $0.0055 |
| Claude Haiku 4.5 | $1.00 | $5.00 | $0.0032 |
Common questions.
How much does Mistral Large cost?
$0.50 per million input tokens and $1.50 per million output tokens. That is a four-fold reduction from Mistral Large 2, which was $2 and $6.
Is Mistral Large cheaper than GPT-5?
Yes, substantially. Mistral Large is $0.50 input and $1.50 output against GPT-5 at $1.25 and $10, so roughly a third of the input price and a seventh of the output price. On output-heavy work the gap is large enough to be worth an evaluation.
Where is Mistral data processed?
Mistral is a French company and its European base is frequently the deciding factor for teams with GDPR-driven data residency requirements. Check Mistral's own documentation for the current regional processing guarantees before relying on this for a compliance requirement.
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