Here are your spoilers for The Young and the Restless episode airing on Wednesday, May 20, 2026, as Victor orders Michael to strike back against a rival, Victoria confronts Nick about his recovery, and Sally worries about Billy's past catching up with him.
What's next on The Young and the Restless

Victor Newman (Eric Braeden) isn't going to settle until he gets control of Newman Enterprises back from Phyllis Summers (Michelle Stafford). And unless Phyllis begs for forgiveness, which we don't see happening, he's going to want some revenge, too.
On Wednesday's show, watch for Victor to order Michael (Christian LeBlanc) to strike back against a rival. Is that rival Phyllis? If it is, how will Michael be able to attack a woman he considers to be his friend? Sure, Phyllis makes that difficult at times, but Michael only wants what's best for the fiery redhead. Will he be able to hurt his friend?
Victoria, victorious

Victoria Newman (Amelia Heinle) was deeply saddened when her brother, Nicholas (Joshua Morrow), confessed to her that he was having a problem with drugs. An emotional Nick said that telling Victoria was difficult as they went through their mother, Nikki's (Melody Thomas Scott), addiction. Nick and Vicki have other siblings, Adam (Mark Grossman) and Abby (Melissa Ordway), but those siblings have other mothers. Nick and Victoria grew up together.
On Wednesday's episode, watch for Victoria to confront Nick about his recovery. We've seen Nick continue to buy drugs. Will he fess up to his sister that he still has a problem that he can't quite conquer? Or will he continue to lie about how much he still needs the pills?
Past Imperfect

On Wednesday's episode, Sally (Courtney Hope) is going to worry about Billy's (Jason Thompson) past catching up with him. Billy has some demons. He had a problem with gambling, and that's something he may never be able to fully shake.
Billy's also been driven to beat Victor Newman and show his mother, Jill (Jess Walton; soon to be, temporarily, Lauren Koslow, who plays Kate on Days of our Lives), that he deserves to run Chancellor Industries.
Billy's got some decisions to make. Is he going to continue to live in the past, obsessed with beating Victor and wanting his mom to respect him as a businessman? Billy's about to become a father again, and he's going to become Sally's husband.
There are some choices that Billy's going to have to make. He'll either move forward or remain trapped in the past. Will Sally's concern for the man she loves give him the will to do the right thing?
Catch all-new episodes of The Young and the Restless weekdays on CBS and Paramount Plus.