The singer sold more than one million tickets for her last tour
US singer Madonna has been named 2016 Woman of the Year by Billboard.
The entertainment media brand says she has extended her record as the highest-grossing female touring artist of all time.
"Madonna is one of a miniscule number of super-artists whose influence and career transcend music," said Janice Min, president and chief creative officer of The Hollywood Reporter-Billboard Media Group.
"With her creative vision, relentless innovation, and dedication to philanthropic causes, she is an inspiration to hundreds of millions of people around the world, all while shattering every career record out there.
"She is an important feminist on top of that, a one-of-a-kind artist who's used her influence to change the conversation around women, sexuality and equal rights."
From her Prince tribute alongside Stevie Wonder to her commentary on the 2016 election, Madonna has remained a constant force in pop culture and source of cultural conversation over the past year.
Her 'Rebel Heart' tour, which wrapped in March, solidified her status as one of the biggest touring acts of all time.
Madonna sold more than one million tickets and walked away with US$170m (€154.6m).
Billboard say that makes her the highest grossing solo touring artist in Billboard Boxscore history, with US$1.31bn (€1.19bn) in total concert grosses.
In addition to being the first female pop star with true control of her career and image, Madonna is the best-selling female recording artist of all time.
She has earned eight number one albums, and 21 top 10 albums - as well as 12 number one singles on the Billboard Hot 100.
With her 46th number one on the Dance Club Songs chart in 2015, she extended her own record for the most number ones on a single Billboard chart.
Billboard say her philanthropic efforts are effecting real change in the world.
"Madonna's Raising Malawi organisation is currently constructing Malawi's first pediatric surgery and intensive care unit, which will double the number of life-saving surgeries performed on children each year, provide intensive care after critical surgeries, and train specialized Malawian medical staff", it says
The Mercy James Institute of Pediatric Surgery and Intensive Care facility will open in 2017.
The seven-time Grammy winner will receive the award at the 11th annual Women in Music event on December 9th in New York City.