An exhaustive literature search supplemented by a critical examination of records made it possible to present an annotated checklist of tapeworms (Cestoda) that, as adults or larvae (metacestodes), parasitize freshwater, brackish water and marine fishes, i.e. cartilaginous and bony fishes, in South America. The current knowledge of their species diversity, host associations and geographical distribution is reviewed. Taxonomic problems are discussed based on a critical evaluation of the literature and information on DNA sequences of individual taxa is provided to facilitate future taxonomic and phylogenetic studies. As expected, the current knowledge is quite uneven regarding the number of taxa and host-associations reported from the principal river basins and marine ecoregions. These differences may not only reflect the actual cestode richness but may also be due to the research effort that has been devoted to unravelling the diversity of these endoparasitic helminths in individual countries. A total of 297 valid species, 61 taxa identified to the generic level, in addition to unidentified cestodes, were recorded from 401 species of fish hosts. Among the recognized cestode orders, 13 have been recorded in South America, with the Onchoproteocephalidea displaying the highest species richness, representing c. 50% of all species diversity. The majority of records include teleost fish hosts (79%) that harbour larval and adult stages of cestodes, whereas stingrays (Myliobatiformes) exhibit the highest proportion of records (39%) among the elasmobranch hosts. Fish cestodes are ubiquitous in South America, being mostly recorded from the Warm Temperate Southeastern Pacific (WTSP; 31%) for marine hosts and the Amazon River basin (45%) for freshwater ones. The following problems were detected during the compilation of literary data: (i) unreliability of many records; (ii) poor taxonomic resolution, i.e. identification made only to the genus or even family level; (iii) doubtful host identification; Alves et al. / ZooKeys 650: 1-205 (2017) 2 and (iv) the absence of voucher specimens that would enable us to verify identification. It is thus strongly recommended to always deposit representative specimens in any type of studies, including faunal surveys and ecological studies. An analysis of the proportion of three basic types of studies, i.e. surveys, taxonomic and ecological papers, has shown a considerable increase of ecological studies over the last decade.