'Billions' Season 5 Episode 5 Preview: Axe or Nico Tanner, who will Wendy choose to be with?

For now, most of the fans who have seen the chemistry between Axe and Wendy have hoped it would be the two, but it does seem like Nico Tanner is backing down either
Damian Lewis (Jeff Neumann/Showtime)
Damian Lewis (Jeff Neumann/Showtime)

Four episodes down and 'Billions' has ensured there's more to the complex finance drama than just revenge or raking in the moolah. For viewers who have caught up with the new season religiously, personal matters too, have taken the spotlight in the form of Chuck Rhoades (Paul Giamatti) and Wendy's (Maggie Siff) divorce. That said, the new episode's synopsis teases a massive move for the duo and speculations are rife about who Wendy will end up in a relationship with. 

For now, most of the fans who have seen the chemistry between Robert 'Bobby' Axelrod (Damian Lewis) and Wendy have hoped it would be the two, but it does seem like there is a possibility of Frank Grillo's Nico Tanner also throwing his hat in the ring. After all, some sparks did fly between the two in their first encounter and that is hard to ignore. As far as Chuck goes, fans have already decided that Julianna Margulies will be in his life sooner or later and it is only a matter of time. With the pair off to an easy and light start, that's an easy call to make. 

Coming to Axe, the move of vrooming off from his old house in Yonkers in the final minutes of the previous episode is sure to come with repercussions. With Mike Prince (Corey Stoll) taunting him, the rushing off may not have won him any fans or hearts from the community. In the promo for the upcoming episode, 'Contract', the focus goes back to Axe's banking plans. Except, his proposal is declined. Wendy and Taylor (Asia Kate Dillon) discuss a partnership where Wendy asks for an offer. 



 

The final scene shows Axe screaming in anger about "helping someone" and this plot point can be connected to probably someone from his past as the synopsis says : "Axe must reckon with his past to secure his future. Chuck plots against Axe with the help of some old associates. Chuck and Wendy both try to move on, but get forced together by an emergency. Wendy and Taylor embark on a new venture."

What are your thoughts on the events that may unfold in 'Contract'?

'Billions' Season 5 airs Sundays 9 pm ET on Showtime.  

GET THE BIGGEST ENTERTAINMENT STORIES
STRAIGHT TO YOUR INBOX.

MORE STORIES

Malik has no idea Hondo knows his secret, and Adain Bradley says their story is far from over.
2026-10-17T20:45:16.000Z
Jo’s resignation raises questions about her future as ‘Grey’s Anatomy’ begins a new era in Season 23
2026-10-17T18:23:30.000Z
‘Tulsa King’ Season 4, starring Sylvester Stallone, streams every Friday on Paramount+
2026-10-17T10:36:40.000Z
Pavi and her long-lost twin Nisha hunt for their origins as the Havens cheer the last Avatar’s death
2026-10-17T08:37:00.000Z
Season 2 of the HBO Stephen King prequel jumps back to 1935 and a gang of bank robbers
2026-10-17T06:52:24.000Z
‘Fire Country’ season 5 episode 2 reveals Jake’s fate after the shooting as the team uncovers the attacker’s motive
2026-10-17T06:41:28.000Z
Wes ends ‘Sheriff Country’ Season 2 Episode 2 in the hands of Stoyanovs after exposing bakery bug
2026-10-17T05:35:47.000Z
Chad Lowe is the executive producer on ‘9-1-1: Nashville’ and has also directed many episodes
2026-10-17T05:07:28.000Z
Issa López returns as showrunner for a Jamaica Bay story with ties to ’Night Country’
2026-10-17T03:12:59.000Z
Oklahoma’s governor and Dwight’s love interest board a private jet in the first episode of Season 4
2026-10-16T09:30:07.000Z