Which is more cost-effective, GPT-5.2 or o3-mini?

Based on 1M input + 1M output tokens, GPT-5.2 costs $15.75/month versus o3-mini at $5.50/month. The cheaper option depends on your token volume and prompt-to-completion ratio. Use the interactive calculator on this page to enter your exact usage.

How accurate is this cost comparison?

List prices come from each provider's own pricing page and every model page shows when they were last verified. The capability scores are iOPTERA's editorial composites — informed by public benchmarks, not benchmark results themselves; the methodology page explains how they are set.

Which model scores higher on benchmarks?

GPT-5.2 scores 94 in coding and 96 in reasoning benchmarks. o3-mini scores 88 in coding and 93 in reasoning. See the full 5-category breakdown in the Benchmark Comparison section above.

What are the context window sizes of GPT-5.2 and o3-mini?

GPT-5.2 supports a 400K-token context window while o3-mini supports 200K tokens. A larger context window lets you process more text in a single API call.

Which model is faster for real-time applications?

GPT-5.2 has a speed score of 85/100 and o3-mini scores 78/100 on our latency benchmark. For interactive chatbots and low-latency tasks, the higher speed score is preferable.

Can I calculate costs for my specific token volume?

Yes. Use the interactive cost calculator on this page. Enter your monthly token volume and adjust the prompt-to-completion ratio. You can also use presets for common scenarios like Customer Support Bots (~30M tokens/month) or Document Summarizers (~15M tokens/month).

Cost and performance comparison

GPT-5.2 vs o3-mini

Model AOpenAI

GPT-5.2

Capability score (editorial)96/100

Cost / 1M Tokens: $5.43; 70% in · 30% out mix
Value Index (score÷cost): 17.7; Higher = better value

Speed: 85/100
Context: 400K
Tier: Smart Tier

List price from the OpenAI pricing page, verified October 26, 2026.

Check the source

How we verify prices

Model BOpenAI

o3-mini

Capability score (editorial)93/100

Cost / 1M Tokens: $2.09; 70% in · 30% out mix
Value Index (score÷cost): 44.5; Higher = better value

Speed: 78/100
Context: 200K
Tier: Smart Tier

Last list price before the model was retired.

How we verify prices

In-depth analysis

GPT-5.2 vs o3-mini: Detailed Comparison

GPT-5.2 is OpenAI's mid-range-tier language model with a 400K-token context window, excelling at reasoning. o3-mini from OpenAI is a mid-range-tier model supporting 200K tokens in context, with standout performance in reasoning.

GPT-5.2 costs 2.6x what o3-mini does for the same text. That is a steep premium, and it buys a 9-point lead on combined coding and reasoning. Whether that trade is worth it depends entirely on how much of your traffic actually needs the harder model — for most workloads the honest answer is a small fraction of it, which is an argument for routing rather than for picking one. GPT-5.2 is priced at $1.75/M input tokens and $14.00/M output tokens. o3-mini costs $1.10/M input and $4.40/M output.

On iOPTERA's editorial scores, GPT-5.2 leads with 94/100 for coding and 96/100 for reasoning, against o3-mini's 88/100 and 93/100.

Capability breakdown

Across the five core benchmark categories, here is how GPT-5.2 and o3-mini stack up head to head:

coding

GPT-5.2 leads

reasoning

GPT-5.2 leads

data extraction

GPT-5.2 leads

creative tasks

GPT-5.2 leads

vision/multimodal

GPT-5.2 leads

Best model by task

coding: GPT-5.2 wins with 94/100
reasoning: GPT-5.2 wins with 96/100
data extraction: GPT-5.2 wins with 91/100
creative tasks: GPT-5.2 wins with 95/100
vision/multimodal: GPT-5.2 wins with 92/100

Estimated monthly cost at scale

For 10M + 2M tokens of text a month (counted the way OpenAI's tokenizer counts), GPT-5.2 runs about $45.50 while o3-mini runs about $19.80 — o3-mini saves roughly $25.70 (56%) every month.

What actually decides it

Both models come from OpenAI, so they share a tokenizer, an API surface, and a billing account. Switching between them is a model-string change and nothing else — no new SDK, no re-tokenizing your prompts to re-estimate cost, no second vendor to onboard. That makes routing between them far cheaper to implement than a cross-vendor split.

These are the same lab's model at the same tier, 11 months apart — so this is an upgrade question, not a choice between alternatives. GPT-5.2 is the current entry; o3-mini is here because plenty of production traffic still runs on it. If you are starting something new there is little reason to pick the older one, and if you are already on it the question is whether the migration cost is worth the gain.

GPT-5.2 carries the larger context window at 400K tokens versus 200K for o3-mini. The gap is real but not decisive — it matters if your prompts routinely run long, and is irrelevant if they sit where most production prompts sit, well under 100K. Bear in mind that filling a large window is also what makes a request expensive.

Throughput is close enough to ignore — 85/100 versus 78/100. Neither model will feel noticeably quicker in an interactive product, so latency is not a reason to choose between them.

GPT-5.2 is 2.6x the price of o3-mini. Reserve it for the requests that actually need it and route the rest to o3-mini — that hybrid beats either model used alone on cost per useful answer.

What you actually pay

The list price is only the start. Prompt caching, batch processing and long prompts change the bill, and each provider sets them differently. Prices per 1M tokens.

Pricing terms beyond the list price, per 1M tokens
Pricing term	GPT-5.2	o3-mini
List price (input / output)	$1.75 / $14.00	$1.10 / $4.40
Cached input	$0.17510% of the input price	—
Batch API	50% off input and output	—
Long prompts	—	—
Input with 80% cache hits	$0.49	—

The last row assumes 80% of input tokens are read from the cache, as in a chat app that re-sends a long system prompt or RAG over the same documents. Cache-write and storage charges are not included.

Checked on October 8, 2026 against the pricing pages of OpenAI.

Capability scores

iOPTERA editorial scores across 5 categories — informed by public benchmarks, not measured by us

CategoryGPT-5.2o3-miniWinner

Coding

Reasoning

Extraction

Creative

Vision

GPT-5.2: 5 wins

o3-mini: 0 wins

GPT-5.2 leads overall

Speed Score

85/100vs78/100

GPT-5.2o3-mini

Context Window

400Kvs200K

GPT-5.2o3-mini

What Is a Token?

Models don't read words — they process tokens.

A token is roughly 4 characters of English text (~¾ of a word). Your API bill is priced per million tokens — understanding this directly reduces your costs.

Short phrase

"Hello, world!"

4 tokens

GPT-5.2: $0.70
o3-mini: $0.44

Business email

One typical email (~200 words)

~270 tokens

GPT-5.2: $47.25
o3-mini: $29.70

Code file

50-line Python script

~400 tokens

GPT-5.2: $70.00
o3-mini: $44.00

Prices shown are for 100,000 runs of each workload — one run costs a fraction of a cent on both GPT-5.2 and o3-mini, so the number only becomes meaningful at production volume. Input tokens only; add your output volume in the calculator below.

How to check your token usage

response.usage.total_tokens

Every API response includes a usage object. Sum total_tokens across all calls to get your monthly figure, then use the calculator below.

Your Cost Calculator

Enter your actual monthly token usage to see real savings

Quick Presets

Monthly Token Volume

30M tokens

Prompt / Completion Split

Prompt 70%Completion 30%

GPT-5.2

$162.75/mo

$1,953.00/yr

$1.75/M input$14.00/M output

Cheaper

o3-mini

$62.70/mo

$752.40/yr

$1.10/M input$4.40/M output

Annual Savings

$1,200.60 saved per year

o3-mini cheaper · $100.05/mo

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