The Boys Fans Are Convinced These 3 Characters Won't Make It Out of Season 5 Alive

We all knew 'The Boys' wasn’t heading for a fairy tale ending, and now the internet is basically preparing eulogies for half the cast before the final season even drops. Fans and gamblers alike are taking wagers on who’ll bite it when season 5 hits Prime Video on April 8, 2026. To absolutely no one's surprise, the promo footage promises a bloodbath—and Karl Urban (good old Billy Butcher) has already warned that 'nobody is safe.' Not exactly subtle foreshadowing. So yeah, people expect casualties, and not just a couple. It’s the last ride, and if you love these characters, brace yourselves.

Who’s on the Chopping Block?

Here’s where it gets weirdly specific: folks on prediction sites are actually putting money down on who’s going to die first, last, or somewhere dramatically in the middle. According to Polymarket’s odds as of late March, there are three clear frontrunners for a dirt nap:

• Billy Butcher – The odds he dies? 91%. Not exactly the guy you want to be in Vegas right now.
• Homelander – 87%. It’s either poetic justice or just overdue, but almost nobody expects him to see the credits roll.
• Frenchie – 85%. This one surprises a lot of fans, even after season 4 put him through the wringer.

There’s a steep drop-off after that. Starlight (Annie) clocks in at just 36%, Soldier Boy at 26%, and favorites like Mother's Milk, Kimiko, and Hughie are all around 15%. Ryan Butcher scrapes the bottom at 8%, so if you’re betting on the kid, congrats on being an optimist?

Who’s Not Even on the List?

The betting pools don’t even factor in a bunch of other threats and lovable dirtbags in the show—The Deep, Sister Sage, new zealot recruit Firecracker, or mangled PR exec Ashley Barrett (who may or may not have just superpowered herself with a shot of Compound V). They’re all massive question marks, and honestly, all the more likely to stick around just to annoy us.

Does Anyone Actually Survive?

Let’s be real: If you know 'The Boys' (or even the comics), it’s hard to see Billy Butcher or Homelander making it out alive. Both have burned through any shot at redemption and doubled down on the worst versions of themselves. I’ll be more shocked if either one is still standing at the end. As for Butcher, there are fan theories swirling that he could end up as unhinged as his comic counterpart—who, if you haven't read ahead, takes a seriously dark path. But the show’s veered so far off-book that it’s dangerous to predict. Either way, Butcher is gunning for Homelander, and something’s going to end one or both of them (seriously, Butcher’s got a supernatural tumor at this point—he’s on borrowed time).

Frenchie is actually the wild card here. He spent season 4 finally confronting his catastrophic past, getting repeatedly emotionally wrecked, and then trying to put things right. After confessing his sins and turning himself in, there's this vibe that he’s headed for the classic 'redemption equals death' trope. The penultimate episode is even titled 'The Frenchman, the Female, and the Man Called Mother’s Milk,' which is about as subtle as a chainsaw. If he goes, it’ll probably be near the very end.

Outlandish Death Ways and Possible Loopholes

Some characters could zig where we expect a zag. The Deep, for example, has built up so much bad karma that his demise would probably be played as a joke. If A-Train dies, it’ll almost certainly connect to his playing both sides and getting caught. And Firecracker? She’s so fanatically loyal to Homelander, there’s a good chance she’ll lay down her life for him—and probably expect a medal for it.

Meanwhile, Sister Sage—the rational genius—might have ‘survival’ contingency plans cooked up for every scenario, so don’t bet on her until you see a body.

But here's the twist: you don’t actually have to die to exit this show. Soldier Boy was last seen literally cryogenically frozen instead of dead. Plus, thanks to the 'Gen V' spinoff, Marie Moreau’s powers could potentially bring people back from the brink—or even the grave. Deus ex biokinesis, anyone?

'Nobody is safe.' – Karl Urban (aka Billy Butcher)

So if you’re keeping score at home, the only thing you can really bank on is chaos. People are going to die, some will be shelved or resurrected, and there is zero chance of a happy gathering in a sunny field. See you in April 2026 for the endgame.