Billions had already been renewed with its sixth season. Recently, it returned with the second part of the fifth season, which was delayed due to the pandemic-related production halt. It expanded upon the struggle between Lewis' Axelrod, Giamatti's Chuck Rhodes and a newcomer portrayed by Corey Stoll. His character will become much more prominant, seeing as he has been promoted to a regular cast member.
What an incredible joy to spend five years working so closely with the great x-on:lewis_damian ! x-on:DavidLevien and I are beyond grateful to you, Damian, for the work, of course, and the fellowship, and for all you sacrificed to come do this with us.
— Brian Koppelman (x-on:briankoppelman) October 4, 2021
Even though Stoll will become a regular, Damian Lewis will leave the series after the fifth season. It is not yet known whether or not he will be written out completely or if there's potential for a guest role every now and then. The sixth season will premiere on the 23rd of January in 2022.
Down below, you can watch the teaser of the sixth season: