ElevenLabs vs Speechmatics pricing
STT: ElevenLabs from $0.0037 vs Speechmatics from $0.002; TTS: ElevenLabs from $40.00 vs Speechmatics from $11.00.
Last updated · prices checked daily
Speech-to-text: ElevenLabs vs Speechmatics
Speechmatics has the lower listed STT price: $0.002 per minute (Melia 1 (pre-recorded)) vs $0.0037 for ElevenLabs (Scribe v2 (batch)), about 45% less.
| Vendor | Product / tier | $/min |
|---|---|---|
| Speechmatics Visit site ↗ | Melia 1 (pre-recorded) | $0.002 |
| ElevenLabs Try ElevenLabs ↗ | Scribe v2 (batch) | $0.0037 |
| Speechmatics Visit site ↗ | Standard (pre-recorded) | $0.0038 |
| Speechmatics Visit site ↗ | Enhanced (pre-recorded) | $0.0063 |
| ElevenLabs Try ElevenLabs ↗ | Scribe v2 Realtime | $0.0065 |
"Try" links for ElevenLabs are affiliate links. Source links go to official pricing pages. Disclosure
What it costs at volume (lowest listed rate)
| Minutes | ElevenLabs | Speechmatics |
|---|---|---|
| 1,000 min | $3.67 | $2.00 |
| 10,000 min | $36.67 | $20.00 |
| 100,000 min | $366.70 | $200.00 |
Text-to-speech: ElevenLabs vs Speechmatics
Speechmatics has the lower listed TTS price: $11.00 per 1M characters (Speechmatics TTS) vs $40.00 for ElevenLabs (Flash / Turbo), about 72% less.
| Vendor | Product / tier | $/1M chars |
|---|---|---|
| Speechmatics Visit site ↗ | Speechmatics TTS | $11.00 |
| ElevenLabs Try ElevenLabs ↗ | Flash / Turbo | $40.00 |
| ElevenLabs Try ElevenLabs ↗ | v4 | $80.00 |
| ElevenLabs Try ElevenLabs ↗ | v2 Multilingual | $80.00 |
"Try" links for ElevenLabs are affiliate links. Source links go to official pricing pages. Disclosure
What it costs at volume (lowest listed rate)
| Characters | ElevenLabs | Speechmatics |
|---|---|---|
| 1M chars | $40.00 | $11.00 |
| 10M chars | $400.00 | $110.00 |
| 100M chars | $4,000.00 | $1,100.00 |
Cost-per-call calculator
Estimate what one call really costs. Prices come from today's table; LLM and telephony presets are per-minute rates published by Retell and Vapi. Everything is editable.
Cartesia's pricing page puts one minute of speech at 750–800 characters; Rime says about 1,000. The talk share is your own guess at how much of each call the agent is speaking.
FAQ
Is ElevenLabs or Speechmatics cheaper for speech-to-text?
Speechmatics has the lower listed STT price: $0.002 per minute (Melia 1 (pre-recorded)) vs $0.0037 for ElevenLabs (Scribe v2 (batch)), about 45% less. Prices checked Oct 28, 2026.
Is ElevenLabs or Speechmatics cheaper for text-to-speech?
Speechmatics has the lower listed TTS price: $11.00 per 1M characters (Speechmatics TTS) vs $40.00 for ElevenLabs (Flash / Turbo), about 72% less. Prices checked Oct 28, 2026.
How often are these prices updated?
Every day. A script reads each vendor's public pricing page, extracts the listed rates and keeps a dated copy, so price changes show up in the history.