Last Updated: December 22, 2019

Billions season 5 will continue the drama of Axe Capital in 2020. Showtime’s banner series, created by Brian Koppelman, David Levien, and Andrew Ross Sorkin, explores the moral ethics of big business in New York City. Billions season 4 premiered on March 17, 2019 and concluded its 12-episode run on June 9, 2019.

In Billions season 4, Bobby Axelrod (Damian Lewis) squared off against his protege Taylor Mason (Asia Kate Dillon). The two moguls consistently attempt to one-up each other, both for pride and for financial gain. Meanwhile, Chuck Rhoades (Paul Giamatti) struggles with his marriage yet manages to effectively strategize against his political opponents. The Attorney General’s wife, Wendy Rhodes (Maggie Siff), keeps a close eye on everybody as her medical license is under review. In addition, U.S. Attorney Bryan Connerty (Toby Leonard Moore) schemes behind the scenes and hopes to find damning information about both Chuck and his father (Jeffrey DeMunn), with the assistance of U.S. Attorney General Jock Jeffcoat (Clancy Brown).

Billions season 4 ends with Bobby recruiting Taylor back to Axe Capital, but it’s part of a larger takedown plot orchestrated by Chuck. And Wendy learns that she’s able to continue working, thanks to a $25 million “donation” by her long-time friend Bobby. All the pieces are in place for a Billions season 5 full of lies and manipulation. Here’s what to expect from Billions season 5 when it returns in 2020.

Billions Season 5 Renewal

On May 8, Showtime renewed Billions for season 5. Given the strong ratings numbers for Billions season 4, the renewal decision makes sense for Showtime; the series anchors the network’s critically acclaimed drama lineup that consists of Shameless, Homeland, Ray Donovan, The Affair, and The Chi. Billions has already been nominated for quite a few prestigious awards, and that’s likely to continue.

Billions Season 5 Release Date

Both Billions season 3 and Billions season 4 premiered in the second half of March. Showtime will most likely follow the same production schedule, so Billions season 5 will likely premiere on either March 22, 2020 or March 29, 2020, assuming the show remains part of the Sunday lineup. However, the network has yet to confirm any specific premiere date for Billions season 5.

Billions Season 5 Cast

In addition to Billions’ excellent main cast returning, the Showtime drama is set to add several new players into the mix for season 5. Billions season 5’s casting starts off strong with the additions of TV veterans Julianna Margulies (The Good Wife) and Corey Stoll (House of Cards). Both actors will play key recurring roles, with Stoll playing a business mogul with small town roots named Michael Prince, while Margulies plays Catherine Bryant, a sociology professor and successful author. Roma Maffia (Nip/Tuck) will also recur as formidable Manhattan District Attorney Mary Ann Gramm, with Daniel Breaker (Mozart in the Jungle) playing Scooter Dunbar, Prince’s chief of staff.

Billions Season 5 Story Details

The Billions season 4 finale revealed that Chuck set up U.S. Attorney Connerty. With that subplot temporarily resolved, he can now focus on acquiring more power and overseeing Taylor’s day-to-day activities at Axe Capital. Most likely, Bobby will take precautions to ensure that Taylor won’t double cross him, and Wendy will undoubtedly lend her support in some form.

Billions season 5 will thus likely focus on a game of cat-and-mouse between Chuck and Wendy, and also between Bobby and Taylor. That leaves the door open for a wildcard character; someone who will shake things up. Perhaps Grigor Andolov (John Malkovich) will somehow re-enter the narrative and impose his authority as a Russian billionaire, or maybe Rebecca Cantu (Nina Arianda) will have a larger role after being humiliated by Bobby, who romanced her in Billions season 4 before deciding to conduct a covert business operation at her expense.

More: Billions Season 4 Review