A heat-sensitive recording material excelled in surface gloss and printing concentration is disclosed. The disclosed heat-sensitive recording material with a heat-sensitive color-developing layer formed on a supporting member features provision on the surface of the heat-sensitive color-developing layer of a protective coating containing crosslinked microfine particles (B) having substantially no glass transition temperature, 0.5 .mu.m or less in mean particle size and 0.05 or less in the difference in refractive index from the solid content of aqueous resin despersion which are obtainable by emulsion-polymerizing vinyl-containing monomers containing 15 weight % or more of polymeric multifunctional monomers together with the aqueous resin dispersion (A).