Season 1 Season 2 Season 3 Season 4

A complex drama about power politics in the world of New York high finance.

Shrewd, savvy U.S. Attorney Chuck Rhoades and the brilliant, ambitious hedge fund king Bobby “Axe” Axelrod are on an explosive collision course, with each using all of his considerable smarts, power and influence to outmaneuver the other. The stakes are in the billions in this timely, provocative series.

Season 2

Risk Management - Billions

Season 2 | Episode 1 In the aftermath of their Season One confrontation, U.S. Attorney Chuck Rhoades and hedge fund king Bobby Axelrod are digging out of the wreckage. Chuck faces scrutiny from within his office and from the Attorney General. Axe refortifies Axe Capital, and weighs his options for retaliation. The fund wrestles with a precarious economic landscape that threatens the very existence of Axe Cap. Wendy entertains an offer from a rival hedge fund manager. Lara intervenes in an emergency at her children’s school.

Dead Cat Bounce - Billions

Season 2 | Episode 2 Axe publicly spars with a rival hedge fund manager and with the help of a talented intern initiates a new financial play to hurt the competition. Chuck deploys his team to quickly find a high-profile case that might save his sinking status. Wendy navigates a minefield of questioning that could result in disaster for Chuck.

Optimal Play - Billions

Season 2 | Episode 3 Axe considers buying an NFL franchise and develops a new ally. Chuck begins a last-ditch case against a banking titan by developing a low-level informant. Axe Cappers attend the annual Alpha Cup Charity Poker Tournament. Wendy makes a controversial appearance at the tournament by accompanying Axe's competitor as his performance coach. Lara launches her new business.

The Oath - Billions

Season 2 | Episode 4 Chuck develops a new strategy when his case stalls. Wendy helps a tech billionaire assess a candidate for a special project. Axe considers pledging half his net worth to charity. Lara's business faces a rival. Axe and Chuck find themselves in a room together for the first time since their face-off.

Currency - Billions

Season 2 | Episode 5 Chuck, Connerty and Sacker must rely on an anxious insider who's willing to wear a wire. Meanwhile, Axe's numbers take a big hit, leaving him to scout ideas for a quick play with a huge payoff. Wendy rediscovers her passion for her former job at Axe Capital through an old colleague. The reality of Lara's business starts to affect her marriage.

Indian Four - Billions

Season 2 | Episode 6 Axe negotiates with a reluctant seller, who is key to the success of Axe’s municipal bond play. Wendy makes a professional decision that adds further conflict to her relationship with Chuck. As attempts to reach a deal with a high profile defendant fail, Chuck’s office faces the uncertainty of jury selection. Tensions between Lara and Axe escalate.

Victory Lap - Billions

Season 2 | Episode 7 Axe assembles a war room in the Hamptons following a disastrous setback in Sandicot for Axe Capital. The fate of the town hangs in the balance while Axe seeks counsel on how to best recoup his losses. Meanwhile, Chuck capitalizes on a high-profile victory, but alienates Wendy in the process, causing the couple to change the status of their separation.

The Kingmaker - Billions

Season 2 | Episode 8 Axe investigates who was behind the breakdown in his Sandicot dealings but faces formidable opposition. Chuck digs up dirt on a political rival. Lara makes a PR trip to Sandicot to ease tensions between the town and the Axelrods. Wendy helps Taylor solve a problem at Axe Capital. Chuck and Senior curry favor with a powerful ally.

Sic Transit Imperium - Billions

Season 2 | Episode 9 Axe is offered inside information from a former employee and considers whether to use it. Chuck faces external pressure to drop an ongoing investigation. Lara plans a lavish birthday celebration for Axe only to discover he's lied to her about his relationship with Wendy. Chuck is willing to support Ira and Senior's investment in a company about to go public.

With or Without You - Billions

Season 2 | Episode 10 Axe deals with a major family disturbance involving Lara and the kids. Chuck considers the potential pitfalls of his personal life while being vetted for political advancement. Wendy tries to right a wrong she committed against Axe. At an impromptu dinner Chuck and Wendy open up to each other.

Golden Frog Time - Billions

Season 2 | Episode 11 Chuck finds he has much at stake in the success of a new business venture; Senior, too, is heavily invested. Meanwhile, Axe takes out a massive short and takes steps to insure its failure. Wendy wrestles with a familiar and uncomfortable position: caught between Axe and Chuck.

Ball in Hand - Billions

Season 2 | Episode 12 Axe receives news from an unexpected source that he's in the crosshairs of law enforcement. While Axe moves quickly to safeguard his livelihood, Chuck arranges the last pieces of his long game in order to secure victory. Lara marshals her resources to protect what’s hers. Wendy and Chuck make a momentous decision about the state of their marriage. Season finale.

Season 3

Tie Goes to the Runner - Billions

Season 3 | Episode 1 Chuck receives a mandate from a new boss. Axe braves a difficult choice following his recent indictment. Taylor generates a monster strategy. Lara threatens to pull her money from Axe Capital. Sacker strives to prove herself as Chief of Crim.

The Wrong Maria Gonzalez - Billions

Season 3 | Episode 2 Chuck tries to cash in a favor owed to him by an honorable judge. Axe orchestrates creative new avenues for conducting trades. Wendy helps Taylor weather their first major crisis. Connerty continues chasing down Ice Juice leads.

A Generation Too Late - Billions

Season 3 | Episode 3 Chuck faces a dilemma when he's given a perverse directive. Axe expands upon a secret venture. Taylor and Wags interview a different type of Axe Capital employee. Connerty and Dake close in on key witnesses in the Ice Juice sabotage. Axe and Lara consider an unexpected agreement.

Hell of a Ride - Billions

Season 3 | Episode 4 Axe explores the new arena of venture philanthropy and looks to neutralize old accomplices. Connerty’s scrutiny of Chuck intensifies. Chuck tries to reconcile with his father. Wags pursues an intensely personal real estate acquisition.

Flaw in the Death Star - Billions

Season 3 | Episode 5 Chuck trades favors with a co-conspirator. Axe and Chuck fight for the loyalty of the same witness. Connerty gets closer to the truth. Axe sends Taylor to Silicon Valley to explore new business opportunities. Dollar Bill plans a big short position on a pharmaceutical company stock, but not everyone at Axe Cap approves.

The Third Ortolan - Billions

Season 3 | Episode 6 Axe tracks down a critical piece of evidence that could destroy him. Both Axe and Chuck reckon with just how far they're willing to go to protect Wendy. The Ice Juice case comes to a head when a judge gives Connerty a difficult deadline.

Not You, Mr. Dake - Billions

Season 3 | Episode 7 Axe and Chuck face mounting evidence of their involvement in the Ice Juice sabotage. Taylor questions Wendy’s authority and motivations at Axe Capital. Connerty makes his case in court but comes up against unexpected witness testimony.

All the Wilburys - Billions

Season 3 | Episode 8 Axe tries for a fresh start at Axe Capital. Chuck asserts his political autonomy—and wrestles with whether to honor his word to a friend. Taylor asks for more independence at Axe Capital. Lara and Axe negotiate a new arrangement regarding Lara's money. Connerty adjusts to an uncomfortable situation.

Icebreaker - Billions

Season 3 | Episode 9 Axe makes a bold play to secure capital from a controversial source. Taylor chafes against Axe’s recent moves. Chuck recruits the allies he needs to move forward with a new plan. Connerty seeks out a career opportunity.

Redemption - Billions

Season 3 | Episode 10 Axe explores an unappealing investment at a desperate moment. Taylor makes a personal compromise for business. Chuck suspects a major foe may be on to his scheme. Sacker calls in a favor from the FBI. Wendy advises an Axe Capper to make bold moves.

Kompenso - Billions

Season 3 | Episode 11 Axe determines his employees' worth at the year-end "comp” meetings. Chuck advances a dangerous plan, but is distracted by a friend in need of help. Taylor and Axe argue over Taylor's place and worth at the firm. Wendy seeks Lara's aid with an internal Axe Cap problem. Connerty discovers a new, secret source of information.

Elmsley Count - Billions

Season 3 | Episode 12 Axe dominates a capital raise event, but is soon challenged by an unexpected competitor. Chuck looks to strike the ultimate blow on an enemy. Wendy reckons with past decisions, and chooses a side. Connerty confronts Sacker about Chuck's activities. Taylor takes a big position.