In making the announcement on Monday, executive producers Barbara Walters and Bill Geddie said this marks the first time a sitting U.S. president has visited a daytime talk show.
"We are so pleased and honored," Walters said.
Walters, who is recovering from heart valve surgery, will return to the show for the special edition. She will be joining co-hosts Whoopi Goldberg, Joy Behar, Elisabeth Hasselbeck and Sherri Shepherd.
Obama was last a guest on "The View" in March 2008 when he was a U.S. senator.
The Associated Press contributed to this report.