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MiniMax M2 vs Qwen2.5 72B Instruct

MiniMax M2 leads Qwen2.5 72B Instruct on the Artificial Analysis Intelligence Index, 18.6 to 7.7, and Qwen2.5 72B Instruct costs 2.5x less per output token ($0.40 vs $1.02 per million). Updated October 22, 2026; 35 benchmarks have a result for both.

MiniMax M2MiniMax
Coding
No data
Overall
No data
Output $/M
$1.02
35
Qwen2.5 72B InstructQwen
Coding
No data
Overall
26.5
Output $/M
$0.40
0
vs boards won of 35 shared

MiniMax M2 or Qwen2.5 72B Instruct: which to pick

Neither model has a coding score yet, so the two cannot be ranked on coding.

Pick MiniMax M2 for a larger context window (205K against 33K tokens).

Shared results
35
MiniMax M2 only
15
Qwen2.5 72B Instruct only
18
Like-for-like categories
7 of 9

Only benchmarks that tested both models count toward a pick; a result only one model has is shown but not compared.

Which one for your work

Each card is decided by one number both models carry. Where only one has it, the card says so and makes no call.

At a glance

Coding index
MiniMax M2 not benchmarked, Qwen2.5 72B Instruct not benchmarked.
Widest category
Agentic work, 52.3 points apart on average over 1 shared benchmark.
Widest single gap
AIME 2025 (Artificial Analysis run): MiniMax M2 78.3% against Qwen2.5 72B Instruct 14.0%, 64.3 points apart on a 0 to 100 scale.
Output price
MiniMax M2 $1.02 against Qwen2.5 72B Instruct $0.40 per million output tokens, 2.5x apart.
Context window
MiniMax M2 takes 205K tokens, Qwen2.5 72B Instruct 33K.

Benchmark by benchmark

First the score: boards each model leads, per category, where both have a result. Then every board, a category to a fold; bars are each result on a 0 to 100 scale, so compare the two in a row, not one row with another.

Boards won, where both have a result
CategoryMiniMax M2BarsQwen2.5 72B InstructTies
Coding40
Intelligence10
Agentic work10
Reasoning50
Math40
Knowledge50
General150
All shared boards350
CodingLike-for-likeSix of these boards feed the Vibe Coding Index40
Coding benchmarks for MiniMax M2 and Qwen2.5 72B Instruct
BenchmarkMiniMax M2Qwen2.5 72B InstructLeader
SWE-bench Verified61.0%Not measuredOnly MiniMax M2 measured
LMArena WebDev1297Not measuredOnly MiniMax M2 measured
LiveCodeBench (Artificial Analysis run)82.6%27.6%MiniMax M2
Terminal-Bench Hard (Artificial Analysis run)25.8%4.5%MiniMax M2
Terminal-Bench30.0%Not measuredOnly MiniMax M2 measured
WeirdMLNot measured16.0%Only Qwen2.5 72B Instruct measured
LMArena Text: coding13711292MiniMax M2
LMArena Text: software and IT13731292MiniMax M2
LMArena WebDev: HTML1306Not measuredOnly MiniMax M2 measured
Neither model has a result on the other 30 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index10
Intelligence benchmarks for MiniMax M2 and Qwen2.5 72B Instruct
BenchmarkMiniMax M2Qwen2.5 72B InstructLeader
AA Intelligence Index18.67.7MiniMax M2
Epoch Capabilities IndexNot measured129.0Only Qwen2.5 72B Instruct measured
Agentic workLike-for-likePublic boards, shown as published, kept out of the index10
Agentic work benchmarks for MiniMax M2 and Qwen2.5 72B Instruct
BenchmarkMiniMax M2Qwen2.5 72B InstructLeader
τ²-Bench Telecom86.8%34.5%MiniMax M2
METR time horizonsNot measured35.8%Only Qwen2.5 72B Instruct measured
BALROGNot measured16.2%Only Qwen2.5 72B Instruct measured
TheAgentCompanyNot measured5.7%Only Qwen2.5 72B Instruct measured
Vending-Bench 2$161Not measuredOnly MiniMax M2 measured
Neither model has a result on the other 36 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index50
Reasoning benchmarks for MiniMax M2 and Qwen2.5 72B Instruct
BenchmarkMiniMax M2Qwen2.5 72B InstructLeader
GPQA Diamond (Artificial Analysis run)77.7%49.1%MiniMax M2
Humanity's Last Exam (Artificial Analysis run)13.7%3.6%MiniMax M2
GPQA Diamond (Epoch AI run)Not measured49.1%Only Qwen2.5 72B Instruct measured
BIG-Bench HardNot measured79.8%Only Qwen2.5 72B Instruct measured
LMArena Text: hard prompts13571271MiniMax M2
LMArena Text: expert13381245MiniMax M2
LMArena Text: hard prompts in English13761279MiniMax M2
Kagi LLM Benchmark57.8%Not measuredOnly MiniMax M2 measured
Neither model has a result on the other 14 boards here
MathLike-for-likePublic boards, shown as published, kept out of the index40
Math benchmarks for MiniMax M2 and Qwen2.5 72B Instruct
BenchmarkMiniMax M2Qwen2.5 72B InstructLeader
AA Math Index78.314.0MiniMax M2
AIME 2025 (Artificial Analysis run)78.3%14.0%MiniMax M2
OTIS Mock AIMENot measured8.1%Only Qwen2.5 72B Instruct measured
MATH level 5Not measured63.2%Only Qwen2.5 72B Instruct measured
LMArena Text: math13511283MiniMax M2
LMArena Text: mathematical work13681290MiniMax M2
Neither model has a result on the other 7 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index50
Knowledge benchmarks for MiniMax M2 and Qwen2.5 72B Instruct
BenchmarkMiniMax M2Qwen2.5 72B InstructLeader
MMLU Pro (Artificial Analysis run)82.0%72.0%MiniMax M2
MMLUNot measured85.3%Only Qwen2.5 72B Instruct measured
AI2 Reasoning ChallengeNot measured94.5%Only Qwen2.5 72B Instruct measured
LMArena Text: science13481275MiniMax M2
LMArena Text: medicine and healthcare13671258MiniMax M2
LMArena Text: legal and government13491288MiniMax M2
LMArena Text: business and finance13361253MiniMax M2
Neither model has a result on the other 11 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index7 boards, none shared
Web design benchmarks for MiniMax M2 and Qwen2.5 72B Instruct
BenchmarkMiniMax M2Qwen2.5 72B InstructLeader
Design Arena: websites1143Not measuredOnly MiniMax M2 measured
Design Arena: UI components1137Not measuredOnly MiniMax M2 measured
Design Arena: game dev1118Not measuredOnly MiniMax M2 measured
Design Arena: data viz1140Not measuredOnly MiniMax M2 measured
Design Arena: 3D1098Not measuredOnly MiniMax M2 measured
Design Arena: all code categories1135Not measuredOnly MiniMax M2 measured
Design Arena: SVG1100Not measuredOnly MiniMax M2 measured
Neither model has a result on the other 2 boards here
GeneralLike-for-likePublic boards, shown as published, kept out of the index150
General benchmarks for MiniMax M2 and Qwen2.5 72B Instruct
BenchmarkMiniMax M2Qwen2.5 72B InstructLeader
IFBench72.3%36.9%MiniMax M2
Long context reasoning (AA-LCR)64.3%Not measuredOnly MiniMax M2 measured
DTBenchNot measured62.9%Only Qwen2.5 72B Instruct measured
LMCANot measured13.4%Only Qwen2.5 72B Instruct measured
HellaSwagNot measured84.8%Only Qwen2.5 72B Instruct measured
WinoGrandeNot measured82.3%Only Qwen2.5 72B Instruct measured
PIQANot measured82.6%Only Qwen2.5 72B Instruct measured
LMArena Text13401269MiniMax M2
LMArena Text: instruction following13291254MiniMax M2
LMArena Text: creative writing12861221MiniMax M2
LMArena Text: English13641283MiniMax M2
LMArena Text: non-English13131252MiniMax M2
LMArena Text: Chinese13661273MiniMax M2
LMArena Text: German13571234MiniMax M2
LMArena Text: JapaneseNot measured1180Only Qwen2.5 72B Instruct measured
LMArena Text: KoreanNot measured1188Only Qwen2.5 72B Instruct measured
LMArena Text: French13361280MiniMax M2
LMArena Text: Spanish13261255MiniMax M2
LMArena Text: Russian13301264MiniMax M2
LMArena Text: Polish1312Not measuredOnly MiniMax M2 measured
LMArena Text: multi-turn13611272MiniMax M2
LMArena Text: longer queries13311281MiniMax M2
LMArena Text: writing and language12951247MiniMax M2
LMArena Text: entertainment and media12981211MiniMax M2
Neither model has a result on the other 22 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for MiniMax M2 and Qwen2.5 72B Instruct
BenchmarkMiniMax M2Qwen2.5 72B InstructLeader
Neither model has a result on 5 boards here

What each workload costs

Three fixed token mixes at each model's listed price, so per-token rates become a bill.

Chat turn

1K input + 500 output tokens

MiniMax M2$0.0008Fits in one request
Qwen2.5 72B Instruct$0.0006Fits in one request

Qwen2.5 72B Instruct costs less

Repository review

50K input + 3K output tokens

MiniMax M2$0.016Fits in one request
Qwen2.5 72B Instruct$0.019Exceeds the context window

MiniMax M2 costs less

Agent loop

200K input + 10K output tokens

MiniMax M2$0.061Exceeds the context window
Qwen2.5 72B Instruct$0.076Exceeds the context window

MiniMax M2 costs less

Listed OpenRouter rates, without cache or batch discounts. A workload that does not fit a model's context window would need splitting.

Specification differences

The leading value in a row is marked; a row with a missing value names no leader. Our two rows are marked in red.

Specifications of MiniMax M2 and Qwen2.5 72B Instruct
SpecificationMiniMax M2Qwen2.5 72B Instruct
MakerMiniMaxQwen
WeightsOpen weightsOpen weights
ReleasedOctober 23, 2025September 19, 2024
Context window205K33K
Input $/Mtok$0.255$0.36
Output $/Mtok$1.02$0.40
Coding indexNot benchmarkedNot benchmarked
Independent measurements behind it10
Cost per solved task$0.702Not computable
SourceOpenRouter listingOpenRouter listing

Questions

Is MiniMax M2 better than Qwen2.5 72B Instruct for coding?

Neither model has a coding score yet, so the two cannot be ranked on coding. Pick MiniMax M2 for a larger context window (205K against 33K tokens).

Which is cheaper, MiniMax M2 or Qwen2.5 72B Instruct?

MiniMax M2 costs $0.255 per million input tokens and $1.02 per million output tokens; Qwen2.5 72B Instruct costs $0.36 and $0.40. Cost per solved task is known for MiniMax M2 only.

Which has the bigger context window, MiniMax M2 or Qwen2.5 72B Instruct?

MiniMax M2, with 205K tokens against 33K.

How many benchmarks is the MiniMax M2 vs Qwen2.5 72B Instruct comparison based on?

35 benchmarks have a result for both models as of October 22, 2026. MiniMax M2's coding index rests on 1 independent benchmark and Qwen2.5 72B Instruct's on 0. Where only one model has a result, the page says so instead of naming a winner.

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