Vaisman manifolds are strongly related to Kähler and Sasaki geometry. In this paper we introduce toric Vaisman structures and show that this relationship still holds in the toric context. It is known that the so-called minimal covering of a Vaisman manifold is the Riemannian cone over a Sasaki manifold. We show that if a complete Vaisman manifold is toric, then the associated Sasaki manifold is also toric. Conversely, a toric complete Sasaki manifold, whose Kähler cone is equipped with an appropriate compatible action, gives rise to a toric Vaisman manifold. In the special case of a strongly regular compact Vaisman manifold, we show that it is toric if and only if the corresponding Kähler quotient is toric.

20 pages, update of one reference, minor changes