diff --git a/packages/editor/src/extensions/paging/__tests__/paging.test.ts b/packages/editor/src/extensions/paging/__tests__/paging.test.ts
index de5e6da13..4f420fa68 100644
--- a/packages/editor/src/extensions/paging/__tests__/paging.test.ts
+++ b/packages/editor/src/extensions/paging/__tests__/paging.test.ts
@@ -27,10 +27,12 @@ import {
   countPages,
   flattenBlocks,
   fromFlatPosition,
+  serializeDocumentHTML,
   toFlatPosition
 } from "../index.js";
 import { BlockId } from "../../block-id/block-id.js";
 import { getTableOfContents } from "../../../utils/toc.js";
+import { profiler } from "../../../utils/profiler.js";
 
 const PagedDocument = Node.create({
   name: "doc",
@@ -266,3 +268,58 @@ describe("paging", () => {
     editor.destroy();
   });
 });
+
+describe("serialization cache", () => {
+  test("matches the plain serializer exactly", async () => {
+    const editor = createEditor(savedNoteHTML(BLOCKS));
+    await created();
+
+    expect(serializeDocumentHTML(editor.state.doc, editor.schema)).toBe(
+      editor.getHTML()
+    );
+    editor.destroy();
+  });
+
+  test("reuses unedited pages and re-serializes only the edited one", async () => {
+    const editor = createEditor(savedNoteHTML(BLOCKS));
+    await created();
+
+    serializeDocumentHTML(editor.state.doc, editor.schema);
+    profiler.enable();
+    editor.commands.setTextSelection(3);
+    editor.commands.insertContent("edited ");
+    serializeDocumentHTML(editor.state.doc, editor.schema);
+
+    const counters = profiler.report().counters;
+    expect(counters["serialize.cacheMiss"]).toBe(1);
+    expect(counters["serialize.cacheHit"]).toBe(2);
+    profiler.disable();
+    profiler.reset();
+    editor.destroy();
+  });
+
+  test("still reflects the edit", async () => {
+    const editor = createEditor(savedNoteHTML(BLOCKS));
+    await created();
+
+    serializeDocumentHTML(editor.state.doc, editor.schema);
+    editor.commands.setTextSelection(3);
+    editor.commands.insertContent("edited ");
+
+    const html = serializeDocumentHTML(editor.state.doc, editor.schema);
+    expect(html).toContain("edited");
+    expect(html).toBe(editor.getHTML());
+    expect(html.match(/<p/g)).toHaveLength(BLOCKS);
+    editor.destroy();
+  });
+
+  test("works without pages too", async () => {
+    const editor = createEditor(savedNoteHTML(20), false);
+    await created();
+
+    expect(serializeDocumentHTML(editor.state.doc, editor.schema)).toBe(
+      editor.getHTML()
+    );
+    editor.destroy();
+  });
+});
diff --git a/packages/editor/src/extensions/paging/index.ts b/packages/editor/src/extensions/paging/index.ts
index c55846ca5..a0841cdc8 100644
--- a/packages/editor/src/extensions/paging/index.ts
+++ b/packages/editor/src/extensions/paging/index.ts
@@ -87,3 +87,4 @@ export {
 export { installFlatteningSerializer } from "./serializer.js";
 export { installPagingParser, uninstallPagingParser } from "./parser.js";
 export { fromFlatPosition, toFlatPosition } from "./positions.js";
+export { serializeDocumentHTML } from "./serialize.js";
diff --git a/packages/editor/src/extensions/paging/serialize.ts b/packages/editor/src/extensions/paging/serialize.ts
new file mode 100644
index 000000000..4b09191f8
--- /dev/null
+++ b/packages/editor/src/extensions/paging/serialize.ts
@@ -0,0 +1,72 @@
+/*
+This file is part of the Notesnook project (https://notesnook.com/)
+
+Copyright (C) 2023 Streetwriters (Private) Limited
+
+This program is free software: you can redistribute it and/or modify
+it under the terms of the GNU General Public License as published by
+the Free Software Foundation, either version 3 of the License, or
+(at your option) any later version.
+
+This program is distributed in the hope that it will be useful,
+but WITHOUT ANY WARRANTY; without even the implied warranty of
+MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+GNU General Public License for more details.
+
+You should have received a copy of the GNU General Public License
+along with this program.  If not, see <http://www.gnu.org/licenses/>.
+*/
+
+import {
+  DOMSerializer,
+  Fragment,
+  Node as ProsemirrorNode,
+  Schema
+} from "@tiptap/pm/model";
+import { profiler } from "../../utils/profiler.js";
+import { isPage } from "./split.js";
+
+const cache = new WeakMap<ProsemirrorNode, string>();
+
+function fragmentToHTML(fragment: Fragment, serializer: DOMSerializer): string {
+  const container = document.createElement("div");
+  container.appendChild(serializer.serializeFragment(fragment));
+  return container.innerHTML;
+}
+
+/**
+ * Serializes the document a top-level node at a time and remembers the result
+ * for each one. ProseMirror nodes are immutable and shared between document
+ * versions, so an unedited node is the same object as before and its HTML can
+ * be reused: a keystroke only re-serializes the node it landed in.
+ *
+ * Pages are serialized as their contents, keeping stored HTML page-free.
+ */
+export function serializeDocumentHTML(
+  doc: ProsemirrorNode,
+  schema: Schema
+): string {
+  const end = profiler.start("serialize.document");
+  const serializer = DOMSerializer.fromSchema(schema);
+  const parts: string[] = [];
+
+  doc.forEach((node) => {
+    const cached = cache.get(node);
+    if (cached !== undefined) {
+      profiler.count("serialize.cacheHit");
+      parts.push(cached);
+      return;
+    }
+
+    profiler.count("serialize.cacheMiss");
+    const html = isPage(node)
+      ? fragmentToHTML(node.content, serializer)
+      : fragmentToHTML(Fragment.from(node), serializer);
+    cache.set(node, html);
+    parts.push(html);
+  });
+
+  const html = parts.join("");
+  end();
+  return html;
+}
diff --git a/packages/editor/src/index.ts b/packages/editor/src/index.ts
index caf5a2438..256475449 100644
--- a/packages/editor/src/index.ts
+++ b/packages/editor/src/index.ts
@@ -494,7 +494,11 @@ export * from "./utils/word-counter.js";
 export * from "./utils/font.js";
 export * from "./utils/toc.js";
 export * from "./utils/profiler.js";
-export { fromFlatPosition, toFlatPosition } from "./extensions/paging/index.js";
+export {
+  fromFlatPosition,
+  serializeDocumentHTML,
+  toFlatPosition
+} from "./extensions/paging/index.js";
 export * from "./utils/downloader.js";
 export {
   useTiptap,