The superstar will be honored by the industry publication at its annual Women in Music event.
Past "Woman of the Year" honorees were Ciara and Reba McEntire.
Beyonce will be on hand to accept her award at the Oct. 2 event in New York City. It's been yet another big year for the entertainer. She had the smash hit "Single Ladies," sang at President Obama's inauguration, had a No. 1 movie with "Obsessed" and embarked on an arena tour.