In the early 15th Century, Henry (Timothée Chalamet), Prince of Wales (called "Hal" by his close friends) is the emotionally distant eldest and wastrel son of King Henry IV (Ben Mendelsohn) of England. Hal is uninterested in his father's war policies and in succeeding him, and spends his days drinking, whoring, and jesting with his companion John Falstaff (Joel Edgerton) in Eastcheap. King Henry IV lost 300 men in the latest battle with the Scots. Due to the depleting treasury, Henry IV is forced to levy a tax on the church to fund his campaigns. The Hotspur's are angry that despite serving the royal family for generations, England is no closer to peace than before. Hotspur is also livid that his cousin Mortimer is a prisoner of the rebel of Wales and yet Henry IV refuses to pay his ransom. Henry IV says that Mortimer is a traitor and not a prisoner. Hotspur argues that the Scots are still fighting, and the Welsh have joined them. The Hotspurs blame the King directly for his incompetence and refuse to fight under him. Henry IV is ill, and he summons Hal to inform him that Hal's younger brother, Thomas (Dean-Charles Chapman), will inherit the throne instead of Hal. Henry IV says that Thomas is soft, but eager to lead the country. Thomas is sent to subdue Sir Harry "Hotspur" Percy's rebellion. Hal tries to counsel Thomas that he need not fight and there is no need for him to inherit their father's feuds. Lord Dorset (Steven Elder) is sent alongside Thomas, with his army, to support him. Thomas is upstaged by the arrival of Hal, who engages Hotspur in single combat. Hotspur is asked to refuse the offer by his father Northumberland (Tom Fisher). Before the battle begins, Hotspur reconsiders Hal's offer and agrees to fight the single combat on behalf of their armies. The sword fight descends into an armored fistfight, and Hal kills Hotspur (Tom Glynn-Carney) with a dagger. Although this decides the battle without further conflict, Thomas complains that Hal has stolen all the glory. Not long afterward, Thomas dies in a battle in Wales. Henry IV dies in his bed with Hal present, and Hal is crowned King Henry V. Hal is determined not to be like his father and opts for peace and conciliation with his father's adversaries, despite his actions being seen as weakness. At his coronation feast, the Dauphin (The Eldest Son of the King) of France / Louis, Duke of Guyenne (Robert Pattinson) sends Hal a tennis ball, as an insulting and emasculating coronation gift, however, Hal chooses to frame this as a positive reflection of his boyhood before being crowned. His sister Philippa (Thomasin McKenzie), now the Queen of Denmark, cautions that nobles in any royal court have their own interests in mind and will never reveal their full truths. Hal interrogates a captured assassin who claims to have been sent by King Charles VI (Thibault De Montalembert) of France to assassinate Hal. The English nobles Cambridge (Edward Ashley) and Grey (Stephen Fewell) are approached by French agents, hoping to induce them to the French cause. Their trust in the new young king wavers, and they then approach Hal's Chief Justice, William Gascoigne (Sean Harris), with their concerns. Gascoigne advises the young king that a show of strength is necessary to unite England, so to prove his competency, Hal declares war on France and has Cambridge and Grey beheaded. He approaches Falstaff and appoints him as his chief military strategist, saying that Falstaff is the only man he truly trusts. The English army sets sail for France, with Hal at the forefront and Falstaff as his marshal. After successfully taking Harfleur, they continue on the campaign but are followed by the Dauphin, who repeatedly tries to provoke Hal. The English advance parties stumble upon a huge French army gathering to face them. Dorset advises Hal to retreat, due to the superiority of the French forces, but Falstaff proposes a false advance to lure the French to rush forward into the mud, where they will be weighed down by their heavy armor and horses. They will then be attacked by the English long-bowmen and surrounded by a large flanking force hidden in the nearby woods. Unable to dissuade Falstaff from leading the advance personally, Hal proposes to the Dauphin that they meet in single combat to decide the battle and minimize bloodshed. The Dauphin, seeing this as weakness, refuses. The Battle of Agincourt commences, with Hal in the thick of the fighting. Falstaff's plan works - the bulk of the French army charges to engage Falstaff's force and is soon mired in the mud. Hal leads the flanking attack, and the outnumbered but far more mobile English army overpowers the immobilized French, though Falstaff is killed. The Dauphin, seeing his men being driven back, re-invokes Hal's challenge but repeatedly slips and falls in the mud until Hal permits his soldiers to kill him. Hal orders all French prisoners executed for fear that they might regroup, despite Falstaff having previously warned him that such an action would not be chivalrous and unworthy of a king. Following the decisive victory, the English continue deeper into France. Hal reaches King Charles VI, who offers his surrender and the hand of his daughter Catherine (Lily-Rose Depp). Hal returns to England with his new wife for the celebrations. He comes to her room to have a conversation, and she challenges his reasons for invading France. She denies that the French assassin and the insult originated from her father or her brother and dismisses Hal when he falls back on echoing the sentiments of others, sentiments Hal had dismissed earlier in the campaign. Hal realizes that the supposed French insult and acts of aggression against England were staged by Gascoigne to goad Hal into war. Hal confronts Gascoigne and confirms his suspicions, and an unashamed Gascoigne declares that peace comes only through victory. He says that his sole duty is to protect the king even if it means deceiving him. In cold fury, Hal kills Gascoigne and returns to Catherine, promising to only ever ask that she speak the truth to him.
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