Mistral API Pricing: Per-Token Costs and Model Comparison
AI Costs & Pricing

Mistral API Pricing and Cost per Workflow

By Paige Gilmore, Founder, NetLift· Published July 28, 2026· Updated August 18, 2026
Prices checked August 17, 2026 against official vendor pages

Mistral API costs range from $0.11 to $3.18 per million input tokens, with Mistral Large 3 priced at $0.50 per million input tokens in standard US regions.

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Mistral AI uses a pay-as-you-go pricing model where costs are determined by the specific model version and token volume. Mistral Small is the most economical tier at $0.11 per million input tokens, while Mistral Large 3 offers a mid-range price point of $0.50 per million input tokens in US East/West regions.

Selecting the appropriate model is the primary driver of API efficiency. Mistral Medium remains the highest-cost option at $3.18 per million input tokens, making it essential to match model capability to the complexity of the specific engineering workflow.

Official per-token prices

Model / rate Price Unit
Mistral AI mistral-large-2512 — Pay-as-you-go input $0.64 per 1M input tokens
Mistral AI mistral-large-2512 — Pay-as-you-go output $1.91 per 1M output tokens
Mistral AI mistral-medium-2505 — Pay-as-you-go input $3.18 per 1M input tokens
Mistral AI mistral-medium-2505 — Pay-as-you-go output $9.50 per 1M output tokens
Mistral AI mistral-small-3-1-24b-instruct-2503 — Pay-as-you-go input $0.11 per 1M input tokens
Mistral AI mistral-small-3-1-24b-instruct-2503 — Pay-as-you-go output $0.32 per 1M output tokens
Mistral Large 3 — Standard On-Demand Input (US Regions) $0.5 per 1M input tokens
Mistral Large 3 — Standard On-Demand Output (US Regions) $1.50 per 1M output tokens

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Which Mistral model is most cost-effective for high-volume tasks?

Mistral Small 3-1-24b-instruct-2503 provides the lowest unit cost for automated workflows. At $0.11 per million input tokens and $0.32 per million output tokens, it allows for high-frequency operations without the significant overhead associated with the Medium or Large models.

How does Mistral Large 3 pricing compare to previous versions?

Mistral Large 3 is priced at $0.50 per million input tokens and $1.50 per million output tokens for standard US regions. This represents a lower cost basis compared to Mistral Large 2512, which is priced at $0.64 per million input tokens and $1.91 per million output tokens.

Measuring the value of Mistral adoption requires comparing these API costs against the time saved on manual tasks. By quantifying the delta between baseline labor costs and AI-assisted workflows, NetLift enables FinOps and AI leaders to prove that their token spend results in a measurable net return.

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Sources

All pricing on this page comes from official vendor pages:

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About the author

Paige Gilmore · Founder, NetLift

Paige Gilmore is the founder of NetLift, the AI Value Management platform that helps organisations measure the cost, savings and return of AI adoption.

Paige Gilmore on LinkedIn

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