ElevenLabs vs Speechmatics
ElevenLabs Scribe v2 vs Speechmatics Enhanced for transcription. WER: 2.2% vs 4% — edge ElevenLabs Langs: 90 vs 70 — edge ElevenLabs Latency: 150 ms vs 500 ms — edge ElevenLabs Computed from public benchmarks with dated sources; updated 2026-08-20.
Head to head
| Axis | ElevenLabs Scribe v2 | Speechmatics Enhanced | Edge |
|---|---|---|---|
| Price | $3.67 per 1000 min | —* | — |
| WER | 2.2% | 4% | ElevenLabs |
| Langs | 90 | 70 | ElevenLabs |
| Latency | 150 ms | 500 ms | ElevenLabs |
| diarization | ✓ | ✓ | — |
| timestamps | ✓ | ✓ | — |
| vocab | ✓ | ✓ | — |
* token-/credit-priced — the headline understates real per-unit cost, so no price edge is awarded.
Strengths & caveats
ElevenLabsHighest accuracy on the Artificial Analysis leaderboard (2.2% WER, an English-leaning aggregate); broad language coverage with full diarization, word-level timestamps and custom vocabulary. Not the cheapest comparable option; low-latency streaming runs on a separate Scribe v2 Realtime mode that is billed higher at $0.39/hr.SpeechmaticsLong-standing broad multilingual coverage (~70 languages) with diarization, timestamps and a custom dictionary. Vendor no longer publishes per-model rates (the pricing page defers to a portal), so the June 2026 $6.70/1000 min could not be re-verified and third-party figures conflict up to 2-3x higher; the price is therefore marked not comparable. Mid-pack accuracy (4.0% WER).
Sources
- Artificial Analysis — Speech to Text2026-08-20
- Open ASR Leaderboard2026-06-19