The 41-year-old record producer - who previously collaborated with Jay on the hit single 'I Got the Keys' in 2016 - released 'Shining' via the streaming service Tidal after Beyonce won two Grammys at the Staples Center in Los Angeles.
On the uptempo track, Beyonce takes the lead and she adopts a boastful tone, singing: ''All of this winning/I've been losing my mind.''
Later, she says: ''Money don't make me happy/ And a fella can't make me fancy/ We smiling for a whole 'nother reason/ It's all smiles through all four seasons.''
Jay, meanwhile, makes reference to the couple's recent announcement that they are expecting twins later this year.
The New York-born rapper says: ''One ain't enough, I need two.''
Jay goes on to say: ''Ran to the dealer, bought twin Mercedes'/ The European trucks for the twin babies/ Don't let me have a son, I'm a fool/ Send him to school in all my jewels/ I want a boy and girl I fight for truth/ Whatever God give me, I'm cool.''
Beyonce revealed she is expecting twins in a recent Instagram post, which quickly became the most liked photograph in the website's history.
The 'Drunk in Love' hitmaker's post smashed the previous record set by Selena Gomez, who had garnered 6,315,187 likes for her picture of her drinking a can of Coca Cola.
Displaying her baby bump, Beyonce captioned the record-breaking photograph: ''We would like to share our love and happiness. We have been blessed two times over. We are incredibly grateful that our family will be growing by two, and we thank you for your well wishes. - The Carters (sic)''