How do you export Voice Memo transcriptions with formatting?

The iPhone Voice Memo app does pretty good voice transcription, breaking discussions into paragraphs, separating different people speaking and so on, but there's no direct way to export the transcript text out of your phone without losing that formatting.

As best I can tell, the only way to export the transcription out of the Voice Mail app is to copy the transcript and paste it into something else - an email, for instance - and when you paste it, all the formatting is lost. The transcript is pasted as a single, giant paragraph.

Does anyone know a way to export a transcript out of Voice Mail without losing the formatting?