If not, then she certainly likes to tease us.
The 33-year-old star's latest photo shows her on the beach covered in sand and appearing to have created a bit of a baby bump.
Queen Bey's followers noticed the rounded belly, and asked the singer: "Pregnant?"
It isn't the first time Beyoncé and Jay Z have dropped a hint that they might be expecting a sibling for toddler Blue Ivy.
And Jay Z allegedly changed some of his lyrics to include the words 'cause she pregnant with another one' during their first of two Paris shows while on the European leg of their On The Run tour.
In her beach photo, you can only see the Flawless singer's face – with a smile that suggests she knows exactly what impact the sand bump picture would have on her fans.
Beyoncé, Jay Z, 45, and three-year-old Blue Ivy, have recently been on holiday in South East Asia where the family sparked a backlash from animal rights campaigners after posing for photos while bottle feeding a tiger cub.
Jay Z and Beyonce have been married since 2008 and have previously spoken about wanting to add to their family.
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