A reversible recording medium according to an embodiment of the present disclosure is a reversible recording medium that includes recording layers and heat-insulating layers that are alternately stacked, in which the recording layers each include a reversible heat-sensitive color developing composition and a first light-heat converting agent. In this reversible recording medium, the recording layers are different from each other in a developing color of their respective reversible heat-sensitive color developing compositions and are different from each other in an absorption wavelength of their respective first light-heat converting agents. This reversible recording medium further includes a heat-generating layer that includes a second light-heat converting agent having an absorption wavelength that is different from the absorption wavelength of the first light-heat converting agent included in each of the recording layers.