An object of the present disclosure is to provide a magnetic recording medium excellent in electro-magnetic conversion characteristic and thermal stability.
The present disclosure provides a tape-shaped magnetic recording medium including: a substrate; and a magnetic layer provided over the substrate and including a magnetic powder, in which the magnetic layer has an average thickness of equal to or less than 90 nm, the magnetic powder has an average aspect ratio of from 1.0 to 3.0, the magnetic powder has an average particle volume of equal to or less than 2,300 nm3, a coercive force Hc1 in a vertical direction of the magnetic recording medium is equal to or less than 4,500 Oe, a coercive force Hc2 in a longitudinal direction of the magnetic recording medium and the coercive force Hc1 satisfy a relation of Hc2/Hc1≤0.8, and the ratio Hrp/Hc1 of a residual coercive force Hrp of the magnetic recording medium measured using a pulsed magnetic field and the coercive force Hc1 is equal to or less than 2.0.