This specification discloses a magneto-optical recording medium having an amorphous magnetic alloy film comprising the following composition and having a readily magnetizable axis in a direction perpendicular to the surface of the film:{(Gd.sub.x Tb.sub.1-x).sub.p (Fe.sub.y Co.sub.1-y).sub.1-p }.sub.q (Ni.sub.z Cr.sub.1-z).sub.1-q,where0.ltoreq.x.ltoreq.0.90.2.ltoreq.y.ltoreq.1.00.05.ltoreq.z.ltoreq.1.00.1.ltoreq.p.ltoreq.0.50.001.ltoreq.1-q.ltoreq.0.35.