Georgina Gracia-Leacock, tax preparer and office manager, speaks with Orren Hercules as he arrives to prepare his taxes at an H&R Block office in Brooklyn, New York. 

Shares of H&R Block jumped nearly 1 percent Tuesday after the company announced an exclusive partnership with Walmart. 

The deal will make H&R Block the sole tax software provider at Walmart stores. 

H&R Block will be "the new, exclusive do-it-yourself desktop tax software provider available at Walmart stores nationwide, and sold directly by Walmart on walmart.com," the report said. " This exclusive retail partnership brings the value, innovation and support of H&R Block do-it-yourself desktop software products to the world's largest retailer, making the do-it-yourself products even more convenient for clients." 

H&R Block has underperformed the market in the past 12 months, falling as news of a simplified tax code made its way through Congress in the final months of 2017.