GPT-5.4 vs GPT-5.2: token pricing & cost compared (July 2026)

How GPT-5.4 (OpenAI) and GPT-5.2 (OpenAI) actually compare on price — input, output, and total monthly cost at the MAU you care about. Updated against live OpenRouter pricing.

OpenAI

GPT-5.4

Input: $2.50 / 1M tokens
Output: $15.00 / 1M tokens
Output / Input ratio: 6.0×
Context window: 1,050K

OpenAI

GPT-5.2

Input: $1.75 / 1M tokens
Output: $14.00 / 1M tokens
Output / Input ratio: 8.0×
Context window: 400K

The short answer

GPT-5.2 is cheaper across the board for typical workloads.

Token pricing side-by-side

GPT-5.4
GPT-5.2

Cost at your usage

Avg input tokens / call

Avg output tokens / call

Calls per active user / day: 5

Active days / month: 20

MAU: 1,000

GPT-5.4

Per call

$0.00875

Per user / mo

$0.8750

Total / mo

$875

GPT-5.2

Per call

$0.00788

Per user / mo

$0.7875

Total / mo

$788

GPT-5.2 is cheaper by $0.0875/user/month — a saving of $88/month at 1,000 MAU.

Total monthly bill across MAU

GPT-5.4
GPT-5.2

Same usage profile applied to both models; only the per-token price differs.

Run this against your real numbers

The mini-calculator above is a preview. Use the full tools to model power-user blast radius, gross margin, and 12-month spend forecasts.

Other comparisons

Claude Opus 4.5 vs GPT-5.4 GLM 5.2 vs GPT-5.4 GPT-5.5 vs GPT-5.4 GPT-5.2 vs GPT-5.1

Comparing GPT-5.4 vs GPT-5.2 on price alone never tells the whole story — output-token weighting, context length, and your usage profile change the answer dramatically. Use the calculators below for the full picture.