Here are your spoilers for the Wednesday, November 26, 2025, episode of The Young and the Restless, when Victor keeps Nikki in the dark about Nick's problems in LA, Ashley returns home for Thanksgiving, and Lily reminds the Winters on the importance of family.
What's next on The Young and the Restless

Victor Newman (Eric Braeden) and his wife, Nikki Reed Newman (Melody Thomas Scott), have no secrets from each other. Well, there is one. On Wednesday's show, watch for Victor to keep a secret from Nikki that Nick (Joshua Morrow) is having problems in Los Angeles. Victor likely knows that if Nikki knew that Matt Clark (Roger Howarth) was alive and scheming against Nick, Sharon (Sharon Case), and Noah (Lucas Adams) that she'd be back on a plane, flying back to Southern California.
Nikki knows fully well how much damage Matt did to Nick and Sharon back in the day. Nikki is a fierce defender of her family. But how will she respond when she finds out that Victor is keeping this important information from her?
Thankful for Ashley

Ashley (Eileen Davidson) is coming home for Thanksgiving. Watch for her to arrive on Wednesday's show. The holiday wouldn't be complete without the whole family there, and Ashley's presence will help make that happen. Ashley's been there quite a bit with her family over the years. There was the shocking revelation that John Abbott (the late Jerry Douglas) wasn't her biological dad, something John never learned. She's had conflicts with her brother, Jack (Peter Bergman), over Jabot, and with her sister, Traci (Beth Maitland), over the late Brad (Don Diamont).
However, there's nothing but love among these Abbott siblings and their half-brother, Billy (Jason Thompson). There is a lot of drama on Y&R throughout the year, but perhaps this Thanksgiving will be a time of peace.
Lily gives thanks

On Wednesday's show, watch for Lily (Christel Khalil) to remind the Winters clan about the importance of family. Is it possible that Lily is becoming more sympathetic to Cane (Billy Flynn), her ex-husband? She's seen recently that Cane is truly hurting, and how his AI (Artificial Intelligence) program has been used against him. No matter what happens with Cane or Lily in the future, she must remember that he is still the father of their children, Charlie (Noah Alexander Gerry) and Mattie (Lexie Stevenson). Might Lily extend a holiday invitation to Cane? Or has he proven to be too unreliable for Lily to change her heart?
Catch all-new episodes of The Young and the Restless weekdays on CBS and Paramount Plus