Taylor Swift has been named global recording artist of the year for 2024 by the IFPI, marking the fifth time she has received the honor from the organization representing the recorded music industry.

The megastar's album "The Tortured Poets Department" topped four IFPI charts — global album, global vinyl album, global streaming album, and global album sales, according to a statement released by the IFPI on Tuesday.

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Swift's album led the 2024 global album sales chart, which tracks physical purchases and full album downloads, with 5.6 million units sold. K-pop group ENHYPEN's "Romance: Untold" secured second place with 3.4 million units.

Swift's record-breaking "Eras" tour, the first to surpass $1 billion in revenue, also sparked renewed interest in her earlier albums, with several making appearances on the 2024 vinyl and streaming album charts, the IFPI reported.

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"This has been a huge year for Taylor, and it has been incredible to see the extent to which fans all over the world are connecting with her superb catalogue of music," said IFPI Chief Executive Victoria Oakley.

Swift was first named IFPI Global Recording Artist of the Year in 2014, followed by wins in 2019, 2022, and 2023, the most for any performer since the award was introduced 12 years ago.

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The prize is awarded to the artist who tops the IFPI global artist chart, which takes into account worldwide sales for streaming, download, and physical music formats during the calendar year, covering their entire body of work.

Canadian rapper Drake and K-pop group SEVENTEEN took second and third place, respectively, on the 2024 chart.