A disk-form magnetic recording medium is described, comprising a nonmagnetic support having provided thereon at least one magnetic layer comprising a binder and hexagonal ferrite magnetic particles dispersed therein, wherein the magnetic layer has an in-plane coercive force Hc of 1,200 to 3,000 Oe, an anisotropy field H.sub.k of more than 3000 Oe, an Hc/Hk ratio of 0.25 or higher, an in-plane orientation ratio of 0.8 or higher, and a vertical-direction squareness ratio calculated through diamagnetic correction of lower than 0.6.