AbstractOrbital angular momentum (OAM) has received considerable attention regarding high‐capacity communication owing to its spatial orthogonality. However, it is still challenging to build a compact communication system that can generate multiple coaxial OAM beams and receive information from each. In this work, OAM multiplexing and demultiplexing at the E‐band frequency using a single metasurface structure is proposed and experimentally demonstrated. For OAM multiplexing, the metasurface used as a transceiver generates two orthogonal coaxial OAM beams for Gaussian incident beams with different incidence angles. For OAM demultiplexing, the same metasurface flipped 180° as a receiver forms a Gaussian beam in different off‐axis directions depending on the topological charge of the coaxially incident OAM beam. The Gaussian beam measured at the receiver end exhibits a high signal‐to‐noise ratio of more than 33 dB compared with the background OAM beam. OAM multiplexing and demultiplexing based on a single metasurface may provide a route for high‐capacity and compact free‐space communication systems.