Forbes magazine says the singer earned $105 million over a yearlong period stretching from June 2016 to June of this year.
Beyoncé’s earnings were boosted by her Formation world tour last year, which Forbes says grossed $250 million.
Runner-up Adele also enjoyed a successful year on the road. Her tour helped contribute to $69 million in earnings.
Taylor Swift, Celine Dion and Jennifer Lopez complete the top five highest female earners in the business.
Dolly Parton is a surprising sixth. Forbes says the 71-year-old brought in $37 million with the help of 63 shows during the yearlong period.