The singer has been named the 2014 Billboard Woman of the Year -- the first artist to ever receive the honor twice.
The award goes to the female artist who "has shaped and inspired the music industry with her success, leadership and innovation over the past twelve months."
Taylor Swift is a seven-time Grammy winner, and is the best-selling digital music artist of all time. She's also the only female artist in music history (and just the fourth artist ever) to twice have an album hit the 1 million first-week sales figure (2010's Speak Now and 2012's Red). Swift made her latest chart headlines when her newest single, "Shake It Off," became her second Billboard Hot 100 No. 1, following "We Are Never Ever Getting Back Together."
"On behalf of American Express, I would like to congratulate Taylor Swift on this incredible honor," said Deborah Curtis, vice president of entertainment and sports marketing at American Express. "We are proud to be a long-time partner of Taylor's and are thrilled for her continued success and well-deserved recognition as Billboard's Woman of the Year."
Swift will be feted at the 9th annual Billboard Women in Music Awards on Dec. 12 in New York City.