In a retrospective review of "Led Zeppelin II (Deluxe Edition)" (2014), Michael Madden of "Consequence of Sound" praised the remastering of "Thank You", believing the track now sounds "mellow and well-balanced". Madden further praised the remastering, writing the track "breathes easy during the verses and ascends elsewhere in the song", along with "illuminating Page's touch and Bonham's haymakers". When reviewing the added bonus tracks of the "Deluxe Edition", Madden further praised the new version of "Thank You", titled "Thank You (Backing Track)", writing the track "magnifies the song's tasteful sheen, popping with Bonham’s drums and Jones' organ, which seems to have a mind of its own."