The 20-year-old catwalk star made her stage debut at last year's edition of the show in Paris, alongside her supermodel sister Gigi Hadid and friend Kendall Jenner.
Hadid took to Instagram to make the announcement, where she said she was "crazy humbled" to be a part of the show again.
"@victoriassecret I am so excited!..!!!!Thank you @monica.Mitro @10magazine @johndavidpfeiffer and of course the wonderful, incredible @ed_razek plus everyone on the team for making this dream come true again...
"I feel so crazy humbled to get the opportunity to be a part of this show again... Walking into the offices this year I felt so happy, healthy, and honoured... I can't wait for another incredible experience! Congrats to all of the beautiful ladies I will be walking beside. I can't wait!" she wrote, alongside a selfie.
The show is reportedly being held in Shanghai this year.