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The Best Episodes of Billions Season 2

Every episode of Billions Season 2 ranked from best to worst. Discover the Best Episodes of Billions Season 2!

Binge this in 11h 39m•Peaking at 8.0/10

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

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Episode Rankings

  1. #1 Fan Favorite
    Billions Season 2 Episode 1 - Risk Management
    7.5/10(1416 votes)

    #1 - Risk Management

    S2:E1

    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.

    Director:Reed Morano
    Writers:Brian Koppelman, David Levien

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  2. Billions Season 2 Episode 2 - Dead Cat Bounce
    7.6/10(1302 votes)

    #2 - Dead Cat Bounce

    S2:E2

    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.

    Directors:Ryan Fleck, Anna Boden
    Writer:Wes Jones

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  3. Billions Season 2 Episode 3 - Optimal Play
    7.5/10(1328 votes)

    #3 - Optimal Play

    S2:E3

    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.

    Director:Alex Gibney
    Writer:Willie Reale

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  4. Billions Season 2 Episode 4 - The Oath
    7.5/10(1278 votes)

    #4 - The Oath

    S2:E4

    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.

    Director:Noah Emmerich
    Writer:Adam R. Perlman

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  5. Billions Season 2 Episode 5 - Currency
    7.5/10(1302 votes)

    #5 - Currency

    S2:E5

    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.

    Director:Steph Green
    Writer:Brian Chamberlayne

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  6. Billions Season 2 Episode 6 - Indian Four
    7.6/10(1244 votes)

    #6 - Indian Four

    S2:E6

    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.

    Director:Adam Arkin
    Writer:Alice O'Neill

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  7. Billions Season 2 Episode 7 - Victory Lap
    6.5/10(1182 votes)

    #7 - Victory Lap

    S2:E7

    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.

    Director:John Singleton
    Writers:Brian Koppelman, David Levien, Alice O'Neill

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  8. Billions Season 2 Episode 8 - The Kingmaker
    8.0/10(1338 votes)

    #8 - The Kingmaker

    S2:E8

    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.

    Director:Oliver Hirschbiegel
    Writer:Adam R. Perlman

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  9. Billions Season 2 Episode 9 - Sic Transit Imperium
    7.2/10(1149 votes)

    #9 - Sic Transit Imperium

    S2:E9

    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.

    Director:Colin Bucksey
    Writer:Wes Jones

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  10. Billions Season 2 Episode 10 - With or Without You
    7.8/10(1281 votes)

    #10 - With or Without You

    S2:E10

    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.

    Director:Ed Bianchi
    Writer:Willie Reale

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  11. Billions Season 2 Episode 11 - Golden Frog Time
    7.9/10(3704 votes)

    #11 - Golden Frog Time

    S2:E11

    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.

    Director:Karyn Kusama
    Writers:Brian Koppelman, David Levien, Brian Chamberlayne

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  12. Billions Season 2 Episode 12 - Ball in Hand
    7.9/10(1801 votes)

    #12 - Ball in Hand

    S2:E12

    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. Hoping the moderators see this note: the "Season 3" link to the bottom right of this section has the wrong hyperlink. I cannot figure out how to fix this as it appears to be a unique problem. Please fix the link to proceed to the next season.

    Directors:Ryan Fleck, Anna Boden
    Writers:Brian Koppelman, David Levien, Adam R. Perlman

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Season 2 Ratings Summary

"Risk Management" is the best rated episode of "Billions" season 2. It scored 7.5/10 based on 1416 votes. Directed by Reed Morano and written by Brian Koppelman, David Levien, it aired on 2/19/2017. This episode is rated 0.1 points higher than the second-best, "Dead Cat Bounce".