On May 8, 2019, the series was renewed for a fifth season by Showtime,[1] which premiered on May 3, 2020. Due to the COVID-19 pandemic, production was postponed and only 7 of the 12 episodes aired in 2020.[2] Season 5 resumed on September 5, 2021.[3] On October 1, 2020, Showtime renewed the series for a sixth season,[4] which premiered on January 23, 2022.[5] On February 15, 2022, Showtime renewed the series for a seventh and final season, which premiered on August 13, 2023.[6]
During the course of the series, 84 episodes of Billions aired over seven seasons, between January 17, 2016, and October 29, 2023.
Bobby "Axe" Axelrod is a charismatic 9/11 survivor who heads up Axe Capital ("Axe Cap"), a hedge fund based in Connecticut. Ari Spyros of the SEC asks Chuck Rhoades, the U.S. Attorney for the Southern District of New York, to investigate him. Because of his philanthropy Axe has public support and is a bit of a folk hero, making Rhoades cautious to take Axe on. In addition, Chuck's wife, Wendy, works as a motivational coach/psychiatrist at Axe Cap, and the prospect of Chuck investigating her boss causes tension between them. Chuck brings up the idea of getting a new job to Wendy, who rebuffs the notion, and the two argue. Chuck confesses that if he brings up a lawsuit against Bobby Axelrod, that there may be a conflict of interest given her employment as Axe Capital's personal psychiatrist. Chuck shares his concerns regarding Axelrod with Bryan Connerty, the Chief Assistant U.S. Attorney.
Kate Sacker, an AUSA, informs both Chuck and Bryan that the "Norton Place", a home valued at $83 million dollars is up for sale, and Bobby Axelrod has his sights on it. Chuck decides to bait Axe into buying the house[7] to turn public favor against him. Skip Wolkowski, a friend of Chuck’s father, is being sent to jail by Chuck for insider trading. Chuck Sr. arranges a meeting between Skip and his son, to ask for a more lenient punishment, but Chuck refuses to relent. Meanwhile, Axe realizes that an old friend, Dan Margolis, is cooperating with the FBI. Axe and his fixer, Hall, move to frame another trader, Steven Birch, for Axe's wrongdoing. Axe and Chuck finally meet face-to-face at an investment conference. Axe buys the house, making the front page of the New York Post. Chuck learns that Skip chose to commit suicide rather than go to jail. In front of his staff, Chuck doubles-down on his decision and says that it's important they convict white collar criminals with the same severity they would a petty drug dealer. Bryan shows Chuck the news, confirming Bobby Axelrod's purchase of the Norton Place. Hall calls Axe and informs him that Chuck has opened a case file on him and that it could eventually lead to prosecution.
The Financial Journal story on Steven Birch is released. Rhoades' office publicly begins investigating Steven Birch's practices. Bobby, aware that he is likely next, fires one of his top traders, Victor Mateo, to make an example of him. Wendy visits Victor, who is furious, and advises him to stand down, pointing out the possible repercussions of trying to fight Axe. Axe meets up with Sean Ayles, the curator of the Ellis Eads Hall. He offers a $100 million donation in exchange of having the hall named after him. Axe mentions the Eads family's financial troubles and asks Sean to convince them to accept his offer of $25 million for the naming rights. While the youngest member of the Eads family extends his gratitude, Axe rebuffs him and focuses on a different family member, Chad Eads. Axe recounts how they met earlier in life at a country club called The Spoon where Axe used to be a caddy during middle school. Axe shares that he worked there during the summers and used to make only $16 during each round of golf. One day, Chad's grandfather Ellis Eads, had missed a shot while Axe was his caddy. Embarrassed, he blamed Axe’s advice and got him fired. As retribution, today Axe offers the family the $25 million, minus the $16 million, leaving the family members with only $9 million to split among themselves. Having no other option, the Eads family silently accept Bobby’s offer, and leave.
Hall blackmails Tara Mohr, one of the employees of the US Attorney's office, into being his informant. FBI Agent Terri McCue informs Chuck of proof regarding Steven Birch having committed insider trading, while Tara eavesdrops. Chuck decides to settle with Birch rather than aim for a conviction, so they can return their focus on Axelrod. In a meeting between the team and Steven Birch, Chuck and Bryan offer a plea deal while Tara continues to eavesdrop and inform Hall. The meeting ends with Birch accepting the plea deal.
June Raichlein, the widow who criticised Lara & Axe during their memorial fund meeting, has just completed a literary work titled "9-12: The Day After." It's a memoir about her life following the death of her husband in the aftermath of the World Trade Center attack. Lara places a call to acquire a copy of June’s book before it is released and finds out that it’s extremely negative towards Bobby. Orrin Bach, Axe's attorney, is uncertain that he can bring a defamation suit as the bulk of what is written about Axe is true. Lara decides to take matters into her own hands. June’s funds quickly dry up, and both her gym and country club membership are cancelled. After her son loses his spot at Stanford, despite strong grades and being a legacy candidate, she realises that Lara is coming after her. Regaining her composure, she meets with Lara at the Axe residence with a "revised" version of her memoir, with the offending parts cut. Lara has June sign a pre-prepared non-disclosure agreement. Bobby acquires a significant percent of the YumTime Bakery and has a sit down with two senior members of the YumTime board, Evelyn Benson and Sherm. The two make it clear that as YumTime belongs to the Bailey Family, that they cannot unseat Hutch Bailey the Third as CEO. Perturbed by Bobby’s approach, Evelyn reaches out to Chuck Sr., her lover and the man who granted her the board member seat at YumTime. Chuck Sr. comes to the conclusion that Axe must be making this play as payback for his son opening a case file on Axe Capital. Axe invites the Chairman, Jerome Purkheiser to the pizzeria and discusses YumTime's future with him. At the next board meeting, Hutch accuses Axe of being a carpetbagger. Jerome puts forth a motion to remove Hutch as CEO, much to the shock of Evelyn and Hutch, and the motion passes. Immediately after, Jerome pushes another motion to dismiss Evelyn so that Bobby Axelrod may assume her seat on the board. The motion passes and Evelyn storms off, same as Hutch.
Terri receives a tip regarding a case concerning in the Eastern District a broker by the name of Pete Decker, one of the men connected to Bobby Axelrod. Chuck orders Lonnie Watley to give up a high-profile case he’d been working on to the Eastern District, in exchange for the case regarding Decker. Much to Chuck's distaste, this brings Spyros back to the Southern District. Bryan and Tara lead the arrest on Decker and bring him to Chuck and Spyros. Chuck makes it clear to Decker that his only option is to flip on Axelrod if he wants to be a free man, but Decker refuses. Chuck blackmails him into compliance using his parents' retirement fund, which Decker had expanded using insider information. Later, Chuck Sr. tells Chuck about Axelrod's recent play with YumTime. Chuck says that Bobby’s actions in the regard were legal, and he refuses to act in vengeance in the name of family. However, he later confesses to Wendy that he is upset with how Axe attacked his father.
Axe wakes up in the middle of the night to come to the rescue of Mick Danzig, who the police pickup for walking around outside, visibly drunk carrying an open bottle and an automatic weapon. At the same time, while dropping Chuck off at work, Wendy notices Pete Decker heading into Chuck's office. She asks Chuck about this, but he refuses to comment. Inside, Decker says that the tip for the Pepsum Pharmaceuticals trade came from "Dollar Bill" Stearn, one of Axe Capital's employees and top performers. Kate catches Tara Mohr texting Hall. Chuck is upset over Tara's betrayal but decides to use it to his advantage, and instructs Tara to arrange an in person meeting with Hall. But Hall, sensing something wrong, never shows up.
Axe arranges to take some of his high school buddies (Eric, Ike, and Freddie) with him to Quebec to enjoy an impromptu Metallica concert taking place in Quebec. Chuck Sr. learns that Bobby Axelrod is exposed on a short position with respect to a company called Cross-Co. and decides to go after him. Soon after, Wags gets an alert that the companies are recalling shares to initiate a "buyback". Wags notifies Axe, who recognizes that the timing of it all means a "short-squeeze" and that someone must have discovered their position. Determined to still make this work, Axe makes a deal with Ken Malverne, a rival hedge fund manager. He then has a sudden realization and notifies Hall that it is likely Chuck Sr. putting the squeeze on him, who notifies Spyros. Spyros pulls Chuck and hands him information confirming that his father is guilty of trading on insider information. Chuck confronts his father about the insider trading and forces him to sell at a loss. Axe meets up with his old friend Constantine, who appears to be down on his luck. Afterwards, Freddie approaches Bobby and confesses that he had been eavesdropping all day, and had taken a short position on Cross-Co. He is now losing money, and asks Bobby for help. Upset, Axe protects Freddie, but severs ties with him afterwards. Axe, still tender from Freddie's betrayal, meets up with Wags and tells him to sell everything slowly. Wags questions if Axe is out of the game, but Axe just quietly leaves the office.
With Decker's information providing a lead on "Dollar Bill" Stearn, Chuck and his team decide to focus on him. Bryan and Kate find a link between Stearn and Clayton Grunwald, Pepsum Pharmaceuticals' researcher for insider information regarding an experimental product called "Vaccarazine.” The team head to Iowa and interrogate Clayton. Down in Iowa, Chuck meets up with Clayton at his farm. Clayton confesses to meeting Bill. He tells Chuck and his team that his daughter, Christina, needed surgeries and Stearn offered to pay, and so he told Stearn everything he wanted to know about Pepsum Pharmaceuticals. Chuck says he will do everything to help Clayton, and Clayton signs a document confirming that he shared insider information regarding the product with Stearn.
Kate learns Bryan is having some money problems when she overhears him on a call about putting a down payment on a place to live. She offers him a loan and to be his guarantor, but Bryan says it'd be against the rules and could cause trouble down the road. Kate says they'll get a waiver and so long as Bryan doesn't default, there shouldn't be any issues. Kate casually brings up his relationship with Terri. Bryan admits that he and Terri are having an affair. Later, while discussing the loan offer, Kate tells Bryan about her dream of becoming POTUS.
Following Bobby’s orders from the last episode, Wags confirms with the senior traders that the company is only focused on liquidating at the moment, starting with telecommunications. The traders are dismayed by this news, and as the episode progresses, they fall into disarray. Bryan suggests Axe might be quitting for real, but Chuck laughs it off. Wendy visits Axe’s residence and tells Bobby to talk to his investors himself. Bobby meets Raul Gomez, one of his oldest investors, and promises to find a suitable fund to take over their investment. Chuck is upset upon being told about Wendy’s visit to Axe’s house. Bryan notices his reaction, and questions if Chuck should recuse himself from the case due to the clear “conflict of interest.” Mike Dimonda writes an article on Chuck’s conflict of interest regarding the case, using Lonnie Watley as a source. Bobby receives a news alert that "Mundia-Telecommunication Executives have been indicted." This is the same company that Constantine talked to Axe about during his Metallica trip. The entire telecommunication market is crashing with them as arrests and scandals are stretching across various countries, but Axe Capital was safe. Axe reappears at the office and admits that he did all this to avoid drawing attention. Wags tells Axe that he believed Axe was actually leaving, who admits that he did consider it. Just then, Bryan, Terri, and a team of Feds enter Axe Capital and publicly arrest Bill Stearn in front of the entire company.
Wendy asks Chuck to recuse himself from the case. Bryan discovers that Bill has a mistress and second family. Bill accepts the reality of the situation though, and reveals that he was prepared for such a play by Chuck. He sends, via text message, a letter to his wife explaining everything ending his marriage and shocking everyone in the room. Axe suggests they get Lawrence Boyd of Spartan-Ives to say that Axe Capital is a reputable company. Meanwhile, Orrin reports to Axe that Bill didn’t betray him, and asks him to settle. Axe refutes the idea, but is shaken when Lara agrees with Bach's suggestion. He remains firm though, and leaves for the photo-op with Boyd. However, Boyd flakes on Axe, frustrating him. Adam DeGiulio goes to Chuck's office, and states that there is concern they could lose this because of the clear conflict of interest during appeal if Chuck doesn't recuse himself. Eventually, Chuck succumbs and agrees to make a deal, making Bryan furious. Meanwhile, after a conversation with Wendy, Axe decides he will make a deal to save Axe Capital. The deal states that Axelrod will lose his firm, admit guilt, and pay a $1.9 billion dollar fine for the criminal activities. At the plea deal meeting itself, Chuck and Bobby mock each other, and ultimately negotiations break down. Chuck changes the terms of the deal, saying Axe will not be allowed a family office and must agree to a lifetime ban on trading. Axe immediately tears up the $1.9 billion dollar check and throws it in Chuck's face. When Chuck returns to Wendy he lies to her, saying that the deal fell apart because Axe threw a fit. He says that he is officially recusing himself for Wendy's benefit and the case on Axelrod will go on without him. This turns out to be another lie though, as Chuck tells Bryan to keep him informed on all developments, waving off his concerns.
One of Axe’s associates, Bruce Layner, drops the Axelrod children home while under influence. The kids mention Bruce had made a lot of negative comments about their families wealth. On hearing about this, Bobby confronts Bruce and promptly knocks the man on the ground. Axe is informed that the police have come into possession of a video recording of the incident and that the authorities plan to arrest Axe soon. Upon realizing that the video is edited, Bobby asks Wags to find the full unedited footage. Over dinner, Bobby asks Dimonda to sit on the story for one day in exchange for a favour. Axe’s team manages to obtain the full video and upload it to YouTube, where it immediately goes viral. At the Axe residence, Lara, Bobby, and Orrin smile as they watch the full video of Bruce getting knocked down, including the motivations behind the punch.
Bryan manages to find a lead on Donnie Caan, one of the top traders at Axe Capital, and convinces him to make a deal to be a criminal informant. Donnie is tasked with getting Axe to confirm a source of insider trade information, all while wearing a wire. Chuck invites Spyros to his office and motions the man to a meeting happening in a closed windowed cubicle. Spyros freezes up at the sight of seeing Martina Slovis behind the windows having a discussion with Kate Sacker. Chuck tells Spyros that he was aware that Spyros had raped Martina when they were younger. Chuck tells Spyros he will either fall back in line and Chuck will resume his dominant role in their teamwork or else he will blow up his life using Martina. Afterwards, Chuck questions Bryan about the informant, who fills him in on how they tracked down Donnie Caan. Bryan confronts Chuck and tells him that he no longer wants the Axelrod case if Chuck continues to interfere in it. Later, Bryan and Donnie meet at night, and Donnie gives Bryan something that he claims will make him happy.
Kate acquires a redacted chapter of June’s memoir, revealing to Chuck that Bobby's 9/11 backstory is a lie. Instead of being in the World Trade Center, Bobby was at his lawyer's office negotiating his severance, as his partners were pushing him out due to suspicions of illegal trades. Their deaths on 9/11 saved his career, allowing him to take over and rebrand the firm. Rather than helping with rescue efforts, Bobby continued trading through the tragedy, amassing millions by the market's reopening. Shocked, Chuck leaks this to reporter Mike Dimonda, who warns him about the risks if it’s false, but Chuck is confident in its truth. When Dimonda confronts Bobby, Bobby struggles to keep his composure. The story soon drops, prompting Lara to pull their kids from school. Bobby, though shaken, decides to increase security at Axe Capital and admits to Wags and Orrin that the story is true, acknowledging he seized a $750 million opportunity amid the disaster. Meanwhile, Hall alerts Bobby to a security breach, leading him to demand an investigation. Dale, listening via Donnie’s wire, hears Chuck advising Bryan to frame a fake mole if necessary, which Bryan hesitantly considers. At Axe Capital, three employees have wiped their drives, including Donnie, raising Bobby's suspicions. Donnie’s nervousness confirms his vulnerability, and Hall ultimately points Bobby to “Pouch” as the supposed mole, whom Bobby fires to cover for Donnie. Bryan later confesses to Chuck that he framed Pouch to protect Donnie. That night, Donnie and Bobby meet, reaffirming their alliance as double agents, secretly working together against Chuck.
Bobby Axelrod grows suspicious of Donnie Caan, one of his traders at Axe Capital, after suspecting that there may be a mole within the firm leaking insider information. As Donnie goes missing, Bobby becomes increasingly paranoid and takes steps to track him down, fearing the implications for his hedge fund.
Meanwhile, U.S. Attorney Chuck Rhoades continues his pursuit of Axelrod, with Donnie becoming a key player in the investigation. Chuck and his team work to pressure Donnie into cooperating with the government to help build a case against Axe Capital. The episode highlights the escalating tensions between Axelrod and Rhoades as both men push their agendas, with Donnie caught in the middle of the conflict.
Bobby Axelrod is devastated by the sudden death of his close friend and trusted employee, Donnie Caan, who had been secretly battling a terminal illness. Donnie’s passing not only affects Bobby emotionally but also presents him with an opportunity to leverage the situation to his advantage in his ongoing rivalry with U.S. Attorney Chuck Rhoades. As Bobby contemplates Donnie's loyalty and his loss, he maneuvers to protect Axe Capital from potential legal exposure.
Meanwhile, Chuck Rhoades presses forward with his investigation into Axelrod's firm, but faces ethical dilemmas as he tries to balance his professional duties with the personal cost of his pursuit. Chuck's wife, Wendy, also grapples with the consequences of being caught between her loyalty to Bobby as Axe Capital’s in-house therapist and her relationship with Chuck.
The tensions between Bobby Axelrod and U.S. Attorney Chuck Rhoades escalate as both sides prepare for their next strategic moves. Bobby, reeling from recent events, begins to rely on his instincts as he seeks ways to protect Axe Capital from legal threats. He makes high-stakes decisions, despite the risks, believing his gut will lead him to success.
Meanwhile, Chuck intensifies his efforts to bring Bobby down, focusing on new angles in the investigation and tightening the pressure on key individuals within Axe Capital. Wendy Rhoades finds herself in a difficult position once again, navigating the complicated dynamics between her husband, Chuck, and her boss, Bobby.
As the episode progresses, personal and professional lines blur further for both Chuck and Bobby. With each man determined to win at any cost, the stakes continue to rise, setting the stage for the climactic confrontations that will shape their ongoing battle. The episode delves into the psychological and emotional toll their rivalry is taking, while exploring the high-stakes world of finance and law.
The $5-million payment from Robert "Bobby" Axelrod into the account of his corporate therapist Wendy Rhoades on the same day that Chuck Rhoades drops his SDNY suit against Axelrod creates a cloud of suspicion on the U.S. Attorney Chuck Rhoades.
Axelrod finances a class-action Bivens claim against Chuck Rhoades for violation of his Fourth Amendment rights against unreasonable searches.
Bobby Axelrod offers the company intern Taylor Mason an annual salary of $750,000/year even though they want to get an MBA under Eugene Fama at the University of Chicago Booth School of Business. They (Taylor) accept to join Axe for $1 million/year.
Chuck Rhoades sets up a sting operation to catch Bobby Axelrod manipulating a stock IPO. Chuck loses all his trust fund in doing so, compromising both himself and his father.
Chuck Rhoades arranges for Bobby Axelrod to be arrested by the Eastern District on condition that his illegal setting up of Axelrod be hidden forever. Connerty goes to Eastern District to prosecute the case against Axelrod. Sachs gets Head of Crim in Southern District under Rhoades. The guy with the Einstein hair packs up his stuff to leave for good.
Bobby, on bail, leaves lock up to find no one waiting for him and goes home. Lara and boys are playing a board game in the house. Chuck walks up the stairs to their house hand in hand with Wendy.
Season end on a triple tease: What happens with Bobby and Lara; How long can Chuck stand knowing that Wendy went into a hotel with a presumed lover; What happens with the prosecution of Bobby?
Chuck meets the new U.S. Attorney General, who informs him of his policy to lay off Wall Street crime. Chuck relents and informs Sacker, the new Chief of Crim. Axe is out of prison, but is separated from Lara. Dake, now U.S. Attorney of the Eastern District, is prosecuting the case with Connerty, and have frozen all of Axe's capital, which leaves Taylor, now chief investment officer of Axe Capital in a bad position. Taylor informs all the employees that they must come up with ideas for an "idea meeting" where the top hedge fund managers meet to discuss strategy, and Axe needs an idea to dazzle them all. Spyros is the new Head of Compliance at Axe Capital. Lara comes in with Steven Birch to check on the assets at Axe Capital, leaving Axe frustrated at the state of his marriage. To unfreeze Axe's capital, he must give up his licence to trade, temporarily, an idea he's very uncomfortable with, as he doesn't know where that puts him regarding the firm. He eventually relents, just as Taylor realizes a good play regarding smart chip technology, and subs in for Axe at the idea's dinner. Chuck's friendship with Ira falls apart, as Ira informs him he'll never speak to him again. Chuck also sours his relationship with his father, Rhoades Sr., who tries to get Jack Foley to back someone else for Governor, but fails. Chuck gives an IOU to Dake in exchange for Dake's exclusion of Wendy in the discovery of trades regarding Ice Juice. Lara informs Axe she won't be coming after the money, but warns him not to lose it.
With Axe's license to trade suspended, he tries to find creative ways to do so anyway, by contacting previous employees with their own shops. Dake and Connerty get a judge known for favouring the free market, and Chuck can't risk the case like this and pulls in favours in order to get the judge changed. Meanwhile, due to a freak Tsunami in Brazil, Axe's investments are looking down for the day, something Taylor can't have, seeing as Axe has already cordoned off $2 billion, a move seen as lack of confidence in Taylor, but Wags sees through it as a way for Axe to be able to trade by proxy. Meanwhile, Connerty is having his own issues as after confronting Victor Mateo's maid, Maria Gonzalez, who spiked her Ice Juice and drank it on video, Victor realizes she's been compromised, and Axe directs the new replacements for Hall to get rid of her, by having her arrested by ICE, and expediting her deportation. The new AG is not sympathetic to Dake's issues, and refuses to help. Taylor gains the confidence to make a risky play, which Axe respects, and concedes the $2 billion to their control, which they then inform Axe that they'll give to certain outside investors, allowing Axe to trade using them anyway.
Axe approaches Ira, now broke and humiliated, with an offer that if he testifies against Chuck and drop the civil suits, he'll pay him $30 million. After initially refusing, Ira, having to deal with the shame of having to postpone proposing to his girlfriend, accepts the deal. In a meeting to inform Connerty and Dake of his change of heart, he half-blurts out that Chuck and his father are involved as well, before being interrupted by Dake. An argument ensues between Dake and Connerty, with Connerty wanting to know why Dake is trying to cover for Chuck. Meanwhile, Taylor has decided to hire Quant traders at the firm, a decision everyone wrestles with, as they see themselves being slowly pushed out. After several interviews with prominent quants, Taylor realizes that even Wags has been plotting against them by planting a quant whose algorithm merely gave data to support any trades done, to avoid any suspicion of insider trading. Taylor realizes that finding a quant won't do, and decides to create one from within Axe Capital, one that they will oversee. Axe makes a visit to failed hedge fund manager, Michael Panay, and convinces him to be his proxy trader, and sets him up with his oldest client, the NYPD's pension-fund manager, who gets a cut from the trade.
Bobby Axelrod gets new info of Grigor Andolov's past dealings. In the office, someone steals Dollar Bill's lucky dollar attached to his trading desk ahead of comp. Kate is having conscience problems as she is being forced to prosecute an innocent man. Axe asks Spartan-Ives for help in his capital raise. Taylor shares an investment plan with Grigor's assistant and purposefully tanks the meeting. Grigor agrees to invest in Axe Cap if Axe can give him an in-person meeting with the Secretary of the Treasury, Todd Krakow. Meanwhile, Connerty gets a job in the FBI after being fired by Chuck. After meeting with the Secretary of the Treasury Grigor tries to force Krakow to give in to him before Axe intervenes. Wags finally catches Rudy as the one who stole Dollar Bill's lucky dollar. Axe talks with Wendy and confronts her about the guilt that she's lately feeling regarding the money she earns, which has caused her to sell her Maserati and start donating to charity. Axe tells her an incident that happened more than a decade ago, which caused his guilt about earning a lot of money to go away. In the end, Grigor visits Axe Cap to sign the deal and tells Axe a story followed by a question that Axe does not know the answer to.
Axe determines his employees' worth at the year-end "comp" meetings, at the dismay of Taylor. Chuck advances his plan against Jock by building a case with the Attorney General of New York, Alvin Epstein. Chuck helps rebuild his relationship with Ira by moving against his unfaithful wife by securing his friend's financial and married life. Taylor and Axe argue over Taylor's place and worth at the firm, further alienating Taylor from Axe Capital.
Axe dominates a capital raise event, but is betrayed by Taylor, who takes most of the pledges for themself after secretly building the foundations of their own investment firm. Taylor approaches Wendy to jump ship, but she remains loyal to Axe. Chuck looks to strike the final blow against Jock, but is betrayed by Sacker and Epstein. It is revealed that Connerty and Dake decided to expose Chuck's plan to Jock. Chuck is fired and Connerty replaces him. The episode ends with Chuck, Axe, and Wendy sitting at the dinner table at the Rhodes residence, plotting their revenge against Jock and Taylor.
Taylor returns to Axe Capital, but Chuck has asked them to spy on Axe for him. The Axe Capital employees struggle with integrating with their new coworkers. Chuck Sr. is getting remarried. Chuck and Wendy are fighting, which is only exacerbated by Chuck disappearing after the wedding while their son, Kevin, drank too much. Wendy announces that she and Chuck will be separating, and Taylor informs Axe that they have been asked to work for Chuck. Chuck leads an investigation against cryptocurrency miners that are funded by Axe, but they refuse to turn on their investor. Axe asks Chuck to end the investigation. Axe and Wags meet with a shaman for a spiritual retreat, and then are invited to participate in a photo shoot for Vanity Fair. Axe is annoyed to see Mike Prince, another deca-billionaire hedge fund mogul, who antagonizes him, and then is selected for the cover of the magazine.
Axe goes to a financial retreat "the mike,” hosted by Mike Prince and is one of the keynote speakers. Axe is embarrassed by Mike, who reminds him that he comes from a privileged background. Chuck meets with a therapist and decides to file a restraining order on Wendy to keep her from moving into a new apartment. Axe meets with the Manhattan District Attorney and convinces her to usurp Chuck's position on the cryptocurrency investigation. Wags meets with pharmaceutical companies to allow them to invest in upcoming drugs, but is discouraged. Axe decides to open a bank.
Axe's son gets in trouble at boarding school when he disrupts the local power grid while trying to set up a cryptocurrency mining farm. Taylor tries to divest some of their investors' money away from fossil fuel companies, but is met with resistance from their staff. Axe is informed that he will not be able to start a federal bank, and he attempts to sponsor Nico, a popular artist. Axe blackmails his son's school headmaster to allow his son to stay enrolled. Upon his return, Axe sets up a partnership with several oil companies, causing Taylor to feel that they have lost control and autonomy following the merger. Chuck joins his alma mater, Yale Law School, as a professor.
Axe attempts to regain popularity by launching a campaign to revitalize Yonkers, New York, but is met with competition from Prince. Chuck convinces his father to also create a proposition for Yonkers revitalization to defeat Axe's efforts. Axe and Taylor have a disagreement over the decision to invest in fossil fuel industries while Taylor's organization within Axe Capital is attempting to divest itself from fossil fuels. Chuck begins teaching at Yale Law School, and while his stern methods are initially resisted, they are later accepted. Axe receives a call from Mike Prince, who comments that he will never leave Yonkers, causing Axe to decide against a planned dinner with the family living in his childhood home.
Axe faced a public relations issue when the family in his childhood home speak with a reporter about him cancelling his meeting with them. Charles Sr. goes into renal failure, and needs a kidney transplant. Wendy spends time with Nico after he begins painting. Chuck begins dating Catherine Brant, a sociology professor at Yale. Axe visits his mother, and becomes enraged when he finds that she has been in contact with his father. Axe buys his childhood home and helps the family move out; he invites Wendy over and recounts the physical abuse he and his mother suffered from his father.
Axe continues to struggle with starting his bank, Wendy and Taylor discuss how to get Bobby what he needs. Chuck pursues Axe for tax fraud concerning his art stash after a raid is conducted, and learns he's not a match for his father's needed transplant. Nico is tasked with a job to help solve the art issue. Axe enjoys his new museum.
Axe makes big plays with an unconventional source of inspiration. Chuck goes to desperate lengths for family. Tensions rise in Wendy’s relationships. Chuck and Sacker manipulate a past collaborator. Taylor steps up and takes charge.
Axe sends Wags to dig up dirt on Prince, discovering a weakness that could wreck Prince’s ambitions. A visit to Axe Cap puts Wendy and Tanner at odds. Chuck looks for alternative methods to save his father, but an old mistake threatens to sidetrack him.
As Prince spirals in the wake of a scandal, Axe looks to take his attack to the next level, putting Taylor’s business in the crossfire. Chuck reckons with his father’s mortality. Wendy worries the money may be getting to Tanner.
As Axe Cap returns to the office, Axe makes a surprise announcement. Wendy’s divorce becomes complicated when Chuck sticks his nose in the Mase Carb financials. Meanwhile, Axe rings an unexpected ally to get intel on Chuck.
With victory in sight for his bank, Axe plots to secure his deposits by poaching from Prince. Chuck, Prince and Sacker wrestle with the personal cost of their plan. Taylor looks to enlist an old foe. Wags prepares for a big day.
Chuck finally catches Axe on an illegal cannabis banking deal. Axe prepares to run with an indictment pending, and Wendy asks him to stay and fight but he refuses. Axe is forced to accept Prince’s offer to buy his company on steep discount before his assets are frozen. Axe is a no-show for his surrender and ends up in Switzerland.
Chuck is living on a farm and dealing with a noisy neighbor who fires antique cannons daily. Prince tries to get what was Axe Capital back on track and decides to conduct business an entirely different way.
Chuck realizes that his bigger goal is to target all of the billionaires of New York state. To do so, he takes up the cause on behalf of city doormen. Chuck convinces the Doors and Custodial union that he can bargain for 5%, instead of 2%. Alongside the head of the union, Duilio Santuli, he bargains with a group of billionaires but fails, as a result of billionaire Bud Lazarra disagreeing with the pay raise.
Chuck convinces the union to go on strike, which is shortly cancelled due to Lazarra's influence. He then visits Lazarra again, having collected evidence that Lazarra bribed Santuli and threatens to expose his bribery should he not agree to the 5% raise. Lazarra reluctantly agrees, and Chuck gives the story to the reporters in a bid to instill fear.
Prince makes a short play on a sport apparel company his ex-wife is involved with, known as Rask. Prince Cap gains information on Rask using slave labor in their factories and leaks the information. Wags tries to stop the short early on account of him being friends with the CEO, Stuart Rask. Rask's stock begins to rebound, so Rian tries to perform a few more ambitious stock plays, explicitly disobeying Taylor's orders. Taylor considers firing Rian for this, but leaves her with a warning that they will no longer protect any new plays against their orders.
Prince gets wind of Wags' actions as Rask's stock rebounds and has Wags try to undo the situation. In doing so, Wags exposes Rask for having ties to North Korea and severs his friendship with Stuart Rask.
Prince's ex-wife, Andy Salter, confronts him for trying to take down Rask as a play to fix their strained relationship. He explains that this is part of a larger plan where he aims to rebuild New York City from the ground up by 2028, for the Olympics.
Dave plans to use her indictment of Chuck to gain access to employees of Michael Prince and build a criminal case against him, however, Chuck dislikes not knowing her plans and other restrictions and plants a news story that portrays him as a heroic crusader for the common man stopped by a corrupt system. Michael puts Taylor and Phillip in charge of Michael Prince Capital to prepare for his 2024 presidential run, and they bring Dollar Bill back as a portfolio manager. Concerned that Prince will be a despot if elected president, Wendy, Taylor, and Wags meet with Axe to enlist his aid in stopping Michael.
Wendy, Taylor and Wags meet with Bobby Axelrod to try to convince him to help them stop Mike Prince's presidential run. However, Bobby refuses and suggests that instead they join him to create a new investment firm in Europe. They refuse and return to the United States. By giving him a new pair of cowboy boots, Chuck convinces the incarcerated former attorney general, Jock Jeffcoat, to record a video saying he wrongfully fired Chuck. This, along with Chuck's successful media campaign, convinces the President to reinstate him as the United States Attorney for SDNY. Michael Prince tries to convince Bradford Luke, a political consultant, to manage his campaign and Bradford asks for details of Prince's personal life and marriage. Bradford also advises Prince to boost his political chances by making extremely profitable but ethical investments. Victor finds such an investment in a telehealth company, but Bradford warns him of an imminent lawsuit and Victor has to blackmail a doctor to avoid a scandal for Prince.
Chuck lacks the confidence to try new cases until he gets a pep talk from Kareem Abdul Jabbar and accepts a case proposed by his employee, Amanda Torre. Chuck also begins prosecuting a case related to a Michael Prince super PAC, although he knows it's a trap set by Prince. Wendy finds out that the employees of Michael Prince Capital have been seeing another psychiatrist, Dr. Mayer, and begins seeing her for therapy herself. Winston quits Michael Prince Capital and begins marketing stock trading software to other investment firms. Wags, who has been doubting himself since colleagues mocked him for working for a politician now, blackmails Winston into signing over the software to Prince Capital.
Wendy and Wags individually attempt to damage Michael Prince's presidential campaign. Wendy encourages Prince to allow Scooter to conduct a classical orchestra despite Bradford's advice that it will alienate voters. Wags bribes a scientist to downgrade a hurricane from category 5 to 4 so that an insurance company Prince is invested in can avoid a huge payout. When both of their plans fail they agree to work together in the future rather than acting on their own. After Dr. Mayer drops all her other patients at Prince Capital, Wendy begins seeing her over concerns that stopping Prince will damage the other employees of Prince Capital. Prince's private jet is used by an NFT scammer, whose rich father has several business deals with Prince, to flee the country without his knowledge. Chuck intends to prosecute Prince for a variety of charges related to this, but Prince orders the plane to return to the United States and shows up to escort the fugitive off the plane himself in front of reporters, minimizing the damage to his reputation.
Ira's phone, which contains sex videos of him and his wife, is stolen. Chuck helps him get it back even though in the process he has to agree that Dave will be first chair in any prosecutions of Michael Prince. Chuck does this because he has decided to emphasize his personal relationships over his career. Taylor orchestrates a trade that will require Prince's approval while he and Scooter are unavailable to convince him to allow someone else to approve trades over $500 million in the future. Prince agrees to allow Wags to approve such trades, giving Wags, Taylor (who officially joins the effort to sabotage Prince's campaign), and Wendy another potential way to disrupt Prince's presidential run. Kate visits Bryan Connerty, who is now out of jail, to make sure he won't disrupt her own political campaign and he suggests that she get him his law license back and they become allies.
Prince goes on national television to announce his independent run for the Presidency. His performance is a smash hit despite Wendy Rhoades attempt to sabotage it psychologically. Bobby Axelrod gets Chuck Rhoades to let the Russian oligarch he deported back into the U.S. to take care of “personal business” (his wife’s divorce action). [He does that to repay the oligarch for getting arms to Ukraine.]. But that puts Bobby in debt to Chuck.
Chuck’s father tries to bribe a motor vehicle license examiner to give Chuck’s son a pass on his driving test. And gets arrested in the process. That causes a crise de conscience for Chuck and Wendy over their parenting skills. Prince tries to buy a company whose owner has developed a revolutionary concrete product. The analyst who brought the owner/company to Prince’s attention tries to stop the takeover by meeting with Chuck. Chuck stops what is happening by having the Department of Defence take it over instead as a national security measure. Both Prince and the owner lose out. MPC employees get tricked into an exercise designed to rate their effectiveness and performance, causing resentment.
Graphs are unavailable due to technical issues. Updates on reimplementing the Graph extension, which will be known as the Chart extension, can be found on Phabricator and on MediaWiki.org.
