The basking shark is the second-largest living shark and fish, after the whale shark. It is one of three plankton-eating shark species, along with the whale shark and megamouth shark. Typically, basking sharks reach 7.9 m (26 ft) in length. It is usually greyish-brown, with mottled skin, with the inside of the mouth being white in colour. The caudal fin has a strong lateral keel and a crescent shape. Other common names include bone shark, elephant shark, sailfish, and sunfish. In Orkney, it is called hoe-mother, meaning "the mother of the picked dogfish".

Sharks are a group of elasmobranch fish characterized by a cartilaginous skeleton, five to seven gill slits on the sides of the head, and pectoral fins that are not fused to the head. Modern sharks are classified within the clade Selachimorpha and are the sister group to the Batoidea. Some sources extend the term "shark" as an informal category including extinct members of Chondrichthyes with a shark-like morphology, such as hybodonts. Shark-like chondrichthyans such as Cladoselache and Doliodus first appeared in the Devonian Period, though some fossilized chondrichthyan-like scales are as old as the Late Ordovician. The oldest confirmed modern sharks (selachimorphs) are known from the Early Jurassic, about 200 million years ago, though records of true sharks may extend back as far as the Permian.