The operator-based signal separation approach, which formulates signal separation as an optimization problem, uses an adaptive operator to separate a signal into additive subcomponents. Furthermore, it is possible to design different operators to fit different signal models. In this paper, we propose a new kind of differential operator to separate multicomponent AM-FM signals. We then use the estimated operators to calculate each sub-component’s envelope and instantaneous frequency. To demonstrate the efficacy of the proposed method, we compare the decomposition and AM-FM demodulation results of several signals, including real-life signals.