Abstract: The present disclosure relates to a computer system, computer program product and computer implemented method for automatically calculating translation costs based upon translation memory analysis. This involves receiving an original document and a source-target language pair, comparing the original document with previously translated text or the translation memory database corresponding to the source-target language pair and computing a modified word count reflecting the degree of overlap between the original document and the previously translated text based on the comparison. Further, a per word translation rate corresponding to the source-target language pair is identified in a viewable database and a modified translation cost is calculated from the per translation rate and the modified word count.