The Quantum Index | 2026

The global benchmark for enterprise quantum readiness.

Independent and data-driven. The Index ranks the world's largest enterprises on the public record of their quantum activity across 5 scored sectors, measured on a single date per sector and scored 0 to 100 against the sector leader.

Browse the rankings How scoring works
Index score
Featured in
Forbes
137
companies ranked across all sectors
6
sectors scored, with materials science in build
3
pillars: workforce, R&D, adoption
61 of 81
would move 3+ places with a small disclosure
Sectors

The sector indexes

Finance and telecom are published on the 2026 scoring model. Earlier editions remain available while their sectors are rebuilt.

Reception

What ranked companies do with the result

Statements below are public posts on the executives' or corporate LinkedIn channels following Index publication.

Honoured to be listed #1 in The Quantum Insider's Innovation Index in the Energy Sector.
Dr. Corey O'MearaHead of Quantum, E.ONShared across 3 official channels, press and corporate site
HSBC has been innovating for 3 years. This is the moment I'm most proud of.
Philip IntalluraGlobal Head of Quantum, HSBC2,276 reactions | 111 reposts
A picture is worth a thousand words! Proud to see JPMorgan ranked #1 in the Quantum Index for finance.
VP, Applied ResearchQuantum, JPMorganOrganic executive advocacy
Citations

Cited where quantum strategy is decided

ForbesFeatured
Davos Decoded: Ten Tech Truths Shaking Up 2026

The Davos wrap quotes Steve Suarez, CEO of HorizonX and Quantum Index co-founder, on the coming post-quantum cryptography migration.

Forbes Digital Assets | 26 January 2026

The Quantum Technology Monitor 2026 uses the Index as its data-driven benchmark for measuring progress across regions.

McKinsey & Company | April 2026

Named the Index editorially as the benchmark for the quantum readiness of HSBC, JPMorgan, Goldman Sachs, Wells Fargo and Citi.

Business newsletter | 4.2M subscribers

"9 Steps to Prepare for a Quantum Future" referenced Index rankings across automotive and finance.

IDG / Foundry | 1M+ enterprise IT readers

Cited the Index as the benchmark tool in coverage of True Corporation's quantum partnership and Thailand's national strategy.

National newspaper | June 2026

A DAX 40 utility references the Index in its public technology narrative across English and German press releases and its corporate site.

Corporate channels | ongoing
Method

How institutions are scored

Each indicator is measured against the strongest institution in the sector on a logarithmic scale, then weighted into three pillars.

30%

Workforce

Named quantum staff, senior leadership, hiring, university and lab partnerships.

40%

Research and development

Peer-reviewed output, research impact, patent families and algorithmic contributions.

30%

Adoption

Proofs of concept, vendor partnerships, ecosystem engagement and customer-facing use cases.

Read the full methodology, including source categories, single-date measurement and the treatment of tied scores.

Sector report | 2026 edition

The Quantum Index for Financial Services

62 institutions compared across workforce, research and adoption on independently verified public evidence. JPMorgan Chase leads the sector at 94. Mizuho, ICBC and the Bank of Canada enter the index directly in the top ten, and 34 institutions join the universe for the first time.

Measured 1 August 2026 | 62 institutions | 8 regions | 2026 scoring model
62
institutions ranked
94
JPMorgan Chase leads the sector
323
named quantum staff in the scoring data
8
regions represented
Ranking

The 2026 ranking

Rank, region and index score are public. Pillar scores and the full sector analysis are available on request. Click a column to sort, or a row for the pillar breakdown.

*No verified public evidence found at the time of measurement.

Positioning

Strategic archetypes

R&D strength plotted against adoption strength. Quadrant thresholds sit at R&D 45 and adoption 65. Region filters above also apply here. Company identification is available on request.Hover any point for detail.

Full spectrum

Strong on research and deployment alike; the pace-setters the sector is scored against.

IP fortresses

Deep patent and paper positions with little visible deployment.

Ecosystem players

Partnership-led adoption on a lighter research base.

Spectators

Limited public footprint on either axis, which is not always limited activity.

Geography

Regional averages

Included in the full sector analysis
Regional detail is available on request, free for ranked institutions.
Sensitivity

What a disclosure changes

The Index scores the public record, so undisclosed activity reads as absence. Modeled on the 2026 formula, a disclosure of three named staff, two partnership initiatives and one use case moves 54 of 62 institutions three or more places. The largest modeled moves are shown alongside.

Largest modeled moves, finance
Climbers
Fallers
Climbers gain on the modeled disclosure; fallers are displaced as the field re-ranks. Among institutions with an existing public footprint, on the 2026 scoring formula.
Developments

Developments, 2025 to 2026

September 2025
HSBC
Ran a quantum-enabled bond trading trial with IBM.
March 2025
JPMorgan Chase
Published a certified randomness result and reinvested in Quantinuum.
January 2026
SC Ventures (Standard Chartered)
Formed the Qubitra joint venture with Fujitsu.
Since 2016
ICBC
Has operated production quantum key distribution since 2016.
February 2026
Erste Bank
Moved a quantum-safe encryption pilot into production.
April 2026
Goldman Sachs
Wound down its dedicated quantum research team.

A selection of verified developments reflected in the 2026 scoring.

The full sector analysis

Scoring detail, regional dynamics, archetypes and the disclosure model, free for ranked institutions.

Sector report | 2026 edition

The Quantum Index for Telecom

19 network operators compared across workforce, research and adoption on independently verified public evidence. NTT leads the sector at 92 on the strength of 560 publications and 223 patent families. Europe posts the highest regional average while holding 11% of the sector's patents; China holds 57%.

V5 edition, 2026 | 19 operators | 7 regions | 2026 scoring model
19
operators ranked
92
NTT leads the sector
57%
of sector patents held in China
69.6
Europe's regional average, the highest
Ranking

The 2026 ranking

Rank, region and index score are public. Pillar scores and the full sector analysis are available on request. Click a column to sort, or a row for the pillar breakdown.

Positioning

Strategic archetypes

R&D strength plotted against adoption strength. Quadrant thresholds sit at R&D 50 and adoption 68. Region filters above also apply here. Company identification is available on request.Hover any point for detail.

Full spectrum

Strong on research and deployment alike; the pace-setters the sector is scored against.

IP fortresses

Deep patent and paper positions with little visible deployment.

Ecosystem players

Partnership-led adoption on a lighter research base.

Spectators

Limited public footprint on either axis, which is not always limited activity.

Geography

Regional averages

Included in the full sector analysis
Regional detail is available on request, free for ranked institutions.
Sensitivity

What a disclosure changes

The same modeled disclosure of three named staff, two initiatives and one use case moves 7 of 19 operators three or more places. No region is complete on its own: Europe leads the table on the thinnest patent base, while China's patent depth pairs with the fewest partnership initiatives of any major region.

Modeled effect, telecom
Operators moving 3+ places7 of 19
Operator-level moves appear in the full sector analysis.
Developments

What the public record shows

Telefónica
The sector's strongest adopter, on just 6 patent families.
BT Group
Lists 25 distinct partner organizations, the deepest web in the sector.
NTT
Leads the sector on 560 papers and 223 patent families.
China
Holds 57% of sector patents with the fewest partnership initiatives of any major region.

A selection of positions visible in the V5 measurement.

The full sector analysis

Scoring detail, regional dynamics, archetypes and the disclosure model, free for ranked institutions.

Sector report | 2025 edition

Automotive

15 automotive companies ranked on the January 2025 measurement across workforce, R&D and adoption. Volkswagen Group led the sector at 95, with BMW Group at 94.

Published January 2025 | 15 companies | Banded scoring model
15
companies ranked
95
Volkswagen Group leads the sector
11
with a verified public footprint
This edition was published in January 2025 on the earlier banded scoring model. The rebuild on the 2026 model brings log-scale scoring, single-date measurement and an expanded universe; rankings will move materially. The finance rebuild moved most of its field.
Ranking

The January 2025 ranking

Rank and index score are public. Pillar scores and the full sector analysis are available on request. Click a column to sort.

*No verified public evidence found at the time of measurement. Pillar weights: workforce 30%, R&D 40%, adoption 30%.

Positioning

Strategic archetypes

R&D strength plotted against adoption strength on the 2025 scores. Dividing lines sit at the sector average. Scores tie often, so a larger point is several companies on the same score. Company identification is available on request.Hover any point for the names.

Full spectrum

Strong on research and deployment alike; the pace-setters the sector is scored against.

IP fortresses

Deep patent and paper positions with little visible deployment.

Ecosystem players

Partnership-led adoption on a lighter research base.

Spectators

Limited public footprint on either axis, which is not always limited activity.

Ahead of the rebuild

Verified information submitted now is reflected when the sector is remeasured on the 2026 model.

Submit information
Sector report | 2025 edition

Life sciences

26 life sciences organizations ranked on the January 2025 measurement across workforce, R&D and adoption. Boehringer Ingelheim led the sector at 80.

Published January 2025 | 26 organizations | Banded scoring model
26
organizations ranked
80
Boehringer Ingelheim leads the sector
17
with a verified public footprint
This edition was published in January 2025 on the earlier banded scoring model. The rebuild on the 2026 model brings log-scale scoring, single-date measurement and an expanded universe; rankings will move materially. The finance rebuild moved most of its field.
Ranking

The January 2025 ranking

Rank and index score are public. Pillar scores and the full sector analysis are available on request. Click a column to sort.

*No verified public evidence found at the time of measurement. Pillar weights: workforce 30%, R&D 40%, adoption 30%.

Positioning

Strategic archetypes

R&D strength plotted against adoption strength on the 2025 scores. Dividing lines sit at the sector average. Scores tie often, so a larger point is several companies on the same score. Company identification is available on request.Hover any point for the names.

Full spectrum

Strong on research and deployment alike; the pace-setters the sector is scored against.

IP fortresses

Deep patent and paper positions with little visible deployment.

Ecosystem players

Partnership-led adoption on a lighter research base.

Spectators

Limited public footprint on either axis, which is not always limited activity.

Ahead of the rebuild

Verified information submitted now is reflected when the sector is remeasured on the 2026 model.

Submit information
Sector report | 2025 edition

Energy

15 energy companies ranked on the January 2025 measurement across workforce, R&D and adoption. E.ON led the sector at 94, with Aramco at 92.

Published January 2025 | 15 companies | Banded scoring model
15
companies ranked
94
E.ON leads the sector
15
with a verified public footprint
This edition was published in January 2025 on the earlier banded scoring model. The rebuild on the 2026 model brings log-scale scoring, single-date measurement and an expanded universe; rankings will move materially. The finance rebuild moved most of its field.
Ranking

The January 2025 ranking

Rank and index score are public. Pillar scores and the full sector analysis are available on request. Click a column to sort.

*No verified public evidence found at the time of measurement. Pillar weights: workforce 30%, R&D 40%, adoption 30%.

Positioning

Strategic archetypes

R&D strength plotted against adoption strength on the 2025 scores. Dividing lines sit at the sector average. Scores tie often, so a larger point is several companies on the same score. Company identification is available on request.Hover any point for the names.

Full spectrum

Strong on research and deployment alike; the pace-setters the sector is scored against.

IP fortresses

Deep patent and paper positions with little visible deployment.

Ecosystem players

Partnership-led adoption on a lighter research base.

Spectators

Limited public footprint on either axis, which is not always limited activity.

Ahead of the rebuild

Verified information submitted now is reflected when the sector is remeasured on the 2026 model.

Submit information
Sector report | In development

Materials science

The materials science universe is under construction on the 2026 scoring model. Companies active in quantum for materials can register a verified public footprint ahead of the first edition.

Register interest
Methodology

How the Index is built

Every institution in a sector is scored on the same indicators, measured on the same date, from the same source categories. There are no questionnaires and no self-assessment.

Model

Scoring model

Each indicator is scored 0 to 100 on a logarithmic scale against the strongest institution in the sector. The logarithmic scale rewards each step of real activity while keeping outliers from flattening the field: the difference between 0 and 10 patent families matters more than the difference between 150 and 160. Indicator scores roll up into three weighted pillars, and institutions with equal overall scores share a rank.

30%

Workforce

Named quantum staff and team resources. Sample metrics: senior quantum FTEs, PhD density, chair holders.

40%

Research and development

Paper count 10%, research impact 20%, patent families 10%.

30%

Adoption

Partnerships 20%, use cases 10%. Sample metrics: live proofs of concept, vendor breadth.

All external metrics for a sector are measured on a single date, so every institution is compared on the same vintage of the public record. The 2026 finance edition was measured on 1 August 2026.

Sources

Data sources

Research papers

Academic journals, conferences, pre-print servers and global research databases.

Patents

Global patent databases and intellectual property publication platforms.

Workforce

The Quantum Insider's proprietary data on quantum team strength, plus public professional and authorship records.

Collaborations

The Quantum Insider's data on partnerships, ecosystem engagement and events.

Deployments

The Quantum Insider's proprietary data on proof-of-concept activity and strategic initiatives.

Verified disclosures

Information submitted by ranked institutions, verified editorially before inclusion.

Scope

Scope and limits

The Index measures quantum readiness and engagement as the public record shows it. It is not a claim of realized quantum advantage; no institution on it has proven a classical computer cannot do the same job. Where a program runs without public trace, the score reflects that absence, and the gap can be closed through verified submission.

The Quantum Index is editorially independent. Participation completes the picture; it does not buy rank.

About

A joint venture between two specialists

The Quantum Index is published by The Quantum Insider, part of Resonance, together with HorizonX. One brings the data on the quantum industry; the other brings the enterprise innovation practice.

The Quantum Insider

Market intelligence | Part of Resonance

The leading provider of media and market intelligence on the quantum technology industry. Its proprietary datasets on companies, funding, workforce and deployments underpin the Index's scoring, and are used by enterprises, investors and governments to track the sector.

  • Proprietary data on quantum teams, partnerships and proofs of concept
  • Research informing national quantum strategies in the UK, Canada, Denmark, Saudi Arabia and multiple US states
  • A 60,000-subscriber industry briefing and 85,000-follower professional audience

HorizonX

Innovation strategy

A strategic innovation consultancy that helps organizations fuel growth through emerging technology. HorizonX serves Fortune 500 C-suites and government leaders, advising on quantum adoption and innovation strategy, and shapes the Index's enterprise framing and benchmarking.

  • Advisory to Fortune 500 boards and government leaders
  • Executive education on quantum computing, including at MIT
  • Senior advisory relationship with McKinsey & Company
Leadership

The people behind the Index

Alex Challans

Alex Challans

CEO, Resonance (The Quantum Insider)

Alex is the CEO and co-founder of Resonance, the leading provider of market intelligence across deep technology verticals such as quantum, AI and space. The business serves hundreds of clients, from startups to national governments, with subscription intelligence, strategic advisory and marketing offerings. He was previously a director at a UK private equity fund, focused on data and technology investments.

Steve Suarez

Steve Suarez

CEO, HorizonX

Steve is the CEO of HorizonX, a strategic innovation consultancy helping organizations fuel growth through quantum computing, serving Fortune 500 C-suites and government leaders. He was previously Global Head of Innovation at HSBC and an advisor at Bain, and now serves as senior advisor to McKinsey & Company and lectures at MIT on quantum computing for executives.

Process

How a sector index is produced

Each edition follows the same sequence, whether or not the ranked companies participate.

Weeks 1 to 2

Universe and intake

The sector universe is set on evidence of activity, and any verified submissions are collected.

Weeks 2 to 4

Research and analysis

Analysts combine proprietary data with open-source research, measured on a single date.

Week 5

Benchmark and review

Ranked companies may review their entry for factual accuracy before anything is published.

Week 6

Publish

The ranking, sector deep dive and supporting analysis are released.

The Quantum Index is editorially independent. Participation completes the picture; it does not buy rank.

Participation

Contributing to the Index

The Index ranks institutions on the public record. Where the record is incomplete, a short verified submission corrects it in the next edition. Start by finding your institution below.

Find your institution

Search the 137 companies currently ranked across all sectors. If yours is not listed, you can still submit.

What would you like to do?

Select all that apply.

Your quantum program

Approximate figures are fine. Everything is verified editorially before it enters the data, and nothing is published without your review.

Your details

We collect your name, role, work email, country and institution to respond to your enquiry. See our Privacy notice.

The Quantum Index is editorially independent. Participation completes the picture; it does not buy rank.

Legal

Privacy notice

How The Quantum Index collects, uses and protects personal data. This notice applies to thequantumindex.com, published by Resonance Alliance Inc. together with HorizonX. Last updated August 2026.

Who we are

The Quantum Index is published by Resonance Alliance Inc. ("we", "us"), the company behind The Quantum Insider, together with HorizonX. Resonance Alliance Inc. is incorporated in Canada (181 Bay Street, Suite 4400, Toronto, ON M5J 2T3) and is the data controller for personal data collected through this site.

What we collect

We collect only what you choose to send us through the participation form or the sector analysis request form:

  • Name, role and work email address
  • Country and institution
  • Anything you tell us about your institution's quantum program (submitted voluntarily and verified editorially before any use)

We use this information solely to respond to your enquiry, to verify and correct Index data, and to deliver requested sector analyses. We do not run advertising, and we do not sell personal data. This site sets no tracking cookies; see the Cookie notice.

Lawful basis, Canadian law and GDPR

As a Canadian corporation we adhere to applicable federal laws of Canada. Recognizing our global readership, we also comply with the General Data Protection Regulation (GDPR) for users in the European Union. Our commitments include:

  • Lawful basis. We process personal data only on a lawful basis — typically your consent (given when you submit a form) or our legitimate interest in operating the Index.
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Sharing and disclosure

Personal information may be disclosed to our affiliates (including HorizonX, as co-publisher of the Index) or trusted service providers, in compliance with applicable laws and under appropriate confidentiality and security safeguards. We may share aggregated, non-identifying information responsibly.

Security and retention

We use physical, electronic and administrative measures to protect personal information, and retain data only as long as necessary for its intended purposes. Data may be anonymized for legitimate research purposes.

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Contact

For inquiries, comments or requests related to this Privacy notice, contact us at [email protected].

Legal

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The short version: this site uses no tracking cookies. Last updated August 2026.

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Changes and contact

If this changes — for example if we add privacy-respecting analytics — we will update this notice before doing so. Questions: [email protected].

Legal

Terms of use

The terms on which The Quantum Index is published and may be used. Last updated August 2026.

The publication

The Quantum Index ("the Index") is a research publication of Resonance Alliance Inc. (The Quantum Insider) and HorizonX. It ranks institutions on the public record of their quantum activity — workforce, research and development, and adoption — measured on a single date per sector from defined source categories, as described in the Methodology.

Editorial independence

The Index is editorially independent. Participation by a ranked institution completes the picture; it does not buy rank, and no institution may pay to influence its position.

No advice

The Index is provided for general information only. It is not investment, legal, technical or professional advice, and it is not a claim of realized quantum advantage by any ranked institution. Rankings reflect the public record at the measurement date and may change materially between editions. You should not act on anything on this site without independent verification and professional advice.

Accuracy

We compile the Index with care from public and proprietary sources and verify submitted information editorially, but we do not warrant that the site is complete, accurate or current. Where an institution believes its entry is wrong, it can request a correction through the participation page.

Intellectual property

The site, the Index, its scores, analysis and design are the property of Resonance Alliance Inc. and HorizonX, protected by applicable intellectual-property laws. You may quote rankings and scores with attribution to "The Quantum Index" and a link to the relevant page. Company names and logos appearing on this site belong to their respective owners and are shown for identification only.

External links

Links to third-party sites are provided for convenience; we are not responsible for their content or their privacy practices.

Liability

To the fullest extent permitted by law, Resonance Alliance Inc. and HorizonX exclude all liability for any loss or damage arising from use of, or reliance on, this site. The site is provided "as is" without warranties of any kind.

Governing law

These terms are governed by the laws of the Province of Ontario and the federal laws of Canada applicable there, without regard to conflict-of-laws rules.

Changes and contact

We may update these terms from time to time; the current version is always on this page. Questions: [email protected], or via the participation page.